The company which owns Intu Braehead looks set to go into administration today.Intu Properties confirmed this morning that it has not reached an agreement to repay debts totally £4.5billion with its creditors.The company, which owns 17 shopping centres across the UK, had asked lenders for an 18-month standstill on its debts in a bid to fix its balance sheet and generate income with the reopening of shopping centres south of the border.But in a statement to the Express this morning, Intu Properties confirmed a deal has not been reached.The statement said: “The board is considering the position of Intu with a view to protecting the interests of its stakeholders.“This is likely to involve the appointment of administrators.“A further.
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