By Oliver Griffin

 

Greencoat UK Wind PLC (UKW.LN) said Friday that it will raise up to 131 million pounds ($171.9 million) through a share placing to help fund its acquisition of a 49.9% stake in the Stronelairg and Dunmaglass wind farms from SSE PLC (SSE.LN).

The company said it will place up to 102.9 million shares at a price of 127 pence a share, representing a 5% discount on the closing price of 133.80 pence on Thursday.

Shares at 1008 GMT were down 1.5% at 131.80 pence.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

February 01, 2019 05:27 ET (10:27 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
SSE (PK) (USOTC:SSEZY)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more SSE (PK) Charts.
SSE (PK) (USOTC:SSEZY)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more SSE (PK) Charts.