Intu Properties has announced that it has announced that it has commenced a (secondary) public offering in the United States whereby it will sell 11,357,837 shares of the common stock of Equity One, Inc. The shares are owned by Intu properties’ wholly-owned subsidiary, Liberty International Holdings Limited. Equity One is a real estate investment trust which owns, develops and operates shopping centers in the US and is listed on the New York Stock Exchange (NYSE: EQY). The company says that UBS Investment Bank is the sole underwriter of the offering.
Intu properties is selling its holding in Equity One : INTU
