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Intu bemoans ‘disruption’ of failed takeover attempts

Shopping centre owner's property values also dropped during a tough year for the retail sector

The chief executive of Intu Properties has complained of the “disruption” from two failed takeover attempts of the shopping centre owner, which he said added to a range of problems during the past year.

David Fischel made the comments as the FTSE 250 company published its results for the year to December 31. Intu made a loss of £1.17bn during that period, compared with profits of £203.3m in 2017.

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