Greencoat UK Wind to Raise GBP131 Million in Share Placing to Fund Acquisitions
February 01 2019 - 04:42AM
Dow Jones News
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)
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