Intu in danger of breaching covenants as it fails to get investor backing for fundraising

Intu Watford

Troubled retail property giant Intu has canned attempts to raise up to £1.5bn from investors after failing to gain enough support, and has warned it could be in breach of banking covenants by July.

Since last October Intu has attempted to persuade investors to back an equity raise of between £1bn and £1.5bn.

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