13th Jan 2016 14:48
LONDON (Alliance News) - Intu Properties PLC said Wednesday that it has priced a public offering in the US for 11.4 million shares in Equity One Inc, a real estate investment trust that owns, develops and operates shopping centres in the US, for expected gross proceeds of USD293.2 million.
The shares in Equity One are held by Intu's wholly-owned subsidiary Liberty International Holdings Ltd.
The offering is expected to close next Tuesday. UBS Investment Bank is the sole underwriter of the offering.
Shares in Intu were up 1.2% at 304.60 pence Wednesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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