By Ian Walker

Intu Properties PLC (INTU.LN) said Monday that it is in talks with shareholders over a proposed equity raise which it expects to announce alongside earnings at the end of this month.

The shopping mall owner--which owns the Lakeside shopping center in Essex and Trafford center in Manchester--said that there's no certainty any equity raise will go ahead. It was responding to weekend press comments.

Talks involve shareholders Peel Group and others, and new investors including Link Real Estate Investment Trust (0823.HK) and others, Intu said.

The Sunday Times reported that Intu was planing a 1 billion pound ($1.29 billion) emergency cash call. The Times said that Link Real Estate was understood to be in talks with Intu about becoming the "cornerstone" investor in any fund raising.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

February 10, 2020 02:30 ET (07:30 GMT)

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