Infratil eyes opportunities with $300m capital raising

Tue, 09 Jun 2020

Infratil wants to raise up to $300 million of new equity to help advance the growth plans within its existing portfolio and to allow it to snap up any opportunities that may crop up through the recession. The infrastructure investment firm will sell $250 million of new shares to institutional investors in a placement and another $50 million to existing investors via a share purchase plan at $4.76 a share. That’s an 8 percent discount to the $5.175 price the stock closed at yesterday. The shares have been halted for the placement. The new...

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