LONDON (Alliance News) - 3i Infrastructure PLC on Wednesday said it has raised a total of GBP385.0 million from its capital raising to fund the completion of previous investments and to fund new deals.
The infrastructure investment group said it issued 233.3 million shares at 165 pence per share to raise the funds. Shares in the company closed at 167.00p on Tuesday.
Around GBP230.0 million of the proceeds will be used to fund the completion of investments made in Wireless Infrastructure Group and TCR, 3i Infrastructure said, with the rest to back new investment opportunities.
"We are delighted with the strong support received from existing shareholders for our capital raise and we are also pleased to welcome new shareholders to our register. Both reflect the confidence in the Company's prospects," said Richard Laing, chairman of 3i Infrastructure.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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3i Infrastructure (3IN)