16th Nov 2015 07:52
LONDON (Alliance News) - International Public Partnerships Ltd on Monday said it has raised a total of GBP180.0 million via a placing, open offer and subscription which was "very signficantly" oversubscribed.
The infrastructure project investor said it issued a total of 137.1 million shares at 131.25 pence per share to cover the three tranches of the issue.
"The demand for new shares in the company has been very strong and significantly exceeded our target. We are very grateful for the support from both existing and new shareholders. We believe the success of the issue underlines the investment attractions of the infrastructure sector generally and of the assets within our portfolio in particular," said Chairman Rupert Dorey.
By Sam Unsted; [email protected]; @SamUAtAlliance
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