11th Sep 2018 13:17
LONDON (Alliance News) - BBGI SICAV SA said Tuesday that it intends to raise new capital via the issue of new shares to pay down debt and pursue suitable new primary and secondary investment opportunities.
The infrastructure investment company intends to issue up to 48 million new ordinary shares pursuant to a share book build process.
The final price for the placing is expected to be announced around Friday. Jefferies and Stifel are acting as joint book runners in connection with the placing.
The company currently has CAD110 million, or GBP64.2 million, of borrowings outstanding.
Shares in BBGI were 1.4% lower at 143.00 pence on Tuesday.
Related Shares:
BBGI Global Infrastructure