1st Sep 2015 06:52
LONDON (Alliance News) - International Public Partnerships Ltd on Tuesday said it is planning to raise up to GBP18.0 million via a share issue.
The FTSE 250-listed infrastructure investment vehicle said it will use the proceeds of the fundraising to pay down debt.
It will issue 13.4 million shares in the issue, meaning the shares will be issued at around 134.32 pence per share. Shares in the company closed on Friday at 135.80 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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