3i Infra in share placing
3i Infrastructure
324.50p
08:54 26/04/24
-0.15%
-0.50p
International infrastructure investor 3i on Monday said it planned to raise cash to pay down debt and finance new deals.
Financial Services
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09:05 26/04/24
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09:05 26/04/24
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09:05 26/04/24
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The company plans to place shares at 330p each, a 3.1% premium to the ex-dividend net asset value per share at September 30 and a 3.4% discount to the closing share price on February 3.
“The investment manager has identified a number of follow-on growth opportunities in existing portfolio companies, which may involve further equity investment in the near-term,” 3i said in a statement.
Reporting by Frank Prenesti for Sharecast.com