StockMarketWire.com - Ailing shopping centre landlord Intu Properties said it was likely to appoint administrators as it buckles under a large debt pile amid the Covid-19 crisis.

The company said it had been unable to agree to standstill agreements with its creditors, ahead of a covenant waiver expiry Friday night.

'The board is therefore considering the position of Intu with a view to protecting the interests of its stakeholders,' it said.

'This is likely to involve the appointment of administrators.'


At 12:57pm: [LON:INTU] Intu Properties share price was -2.13p at 1.78p



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