30th Nov 2015 09:36
LONDON (Alliance News) - GCP Infrastructure Investments Ltd on Monday said it is targeting GBP20.0 million in fundraising from an upcoming placing under its existing placing programme.
The infrastructure investment vehicle said it will issue shares at 118.00 pence per share under the new placing. Shares in GCP were down 0.9% to 119.90 pence on Monday.
The funds will be used by GCP to repay part of its existing revolving credit facility and to back new investment opportunities.
By Sam Unsted; [email protected]; @SamUAtAlliance
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