CCRGF - Intu Properties Reaches The End Of The Line: Shareholders Almost Certainly Wiped Out
Intu Properties (CCRGF), owner of the Trafford Centre and 16 other large scale retail shopping centres in the UK, announced on Friday, 27th June, that they had appointed administrators as the company's drawn out negotiations with creditors targeting a standstill agreement have failed. The reality is now that shareholder return in administration will almost surely be zero. Shareholders had Friday morning to exit shares before the suspension of those shares came on Friday afternoon. Those still holding now face the high likelihood of complete wipeout unfortunately.
Source: BBCnews.com - intu braehead