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GCP Infrastructure Investments To Raise GBP30 Million In Placing (ALLISS)

Wed, 03rd Jun 2015 08:25

LONDON (Alliance News) - GCP Infrastructure Investments Ltd on Wednesday confirmed its plans to raise GBP30 million under its placing programme.

GCP said the placing price for the deal will be 114.75 pence, a 7.9% premium to the net asset value of the fund on May 29, when it first outlined its plans to raise the new funding. Shares in GCP were down 0.2% to 117.313 pence on Wednesday.

The company intends to use the proceeds to pursue potential acquisition opportunities.

The placing will be run by Stifel Nicolaus Europe Ltd and Cenkos Securities PLC.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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