Bilfinger Berger looks to raise funds for acquisition

Bilfinger Berger Global Infrastructure's shares fell after saying it looks to raise up to 200m pounds to fund the acquisition of new infrastructure.The infrastructure investment trust is considering raising additional equity capital in the fourth quarter to finance the potential purchase of up to 11 pipeline projects with a potential value of around £200m.Bilfinger said it intends to raise equity by way of a placing, open offer and an offer for the subscription of new shares. The group will produce a prospectus for the new share issue "in due course" and proposed an extraordinary general meeting (EGM) for shareholders to approve the issue.The investment trust is trading on a 15.5% premium to its net asset value, according to data from the Association of Investment Companies.Shares were down 1.93% to 114.50p at 09:48 on Wednesday.RD