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BRIEF-Intu Properties - placing to fund acquisition
LONDON |
LONDON Feb 27 (Reuters) - Intu Properties PLC : * Placing to fund acquisition * To acquire midsummer place shopping centre for cash consideration of £250.5
million * Underwritten placing of up to 86 million new ordinary shares of 50 pence each
to fund mall deal * Debt to assets ratio of the company reduced from 49.5 per cent to
approximately 47.5 per cent * Bofa Merrill Lynch, UBS and HSBC joint bookrunners for placing
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