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Sequoia Economic Infrastructure launches £172.9m equity raising
StockMarketWire.com
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Infrastructure investor Sequoia Economic Infrastructure Income Fund launched a £172.9 million share placing to pay down debt and pursue investment opportunities.
New shares in the company were being offered at 105.25p each, a 2.7% discount to their closing price on Monday.
Sequoia Economic Infrastructure said its investment advisor continued to see a strong pipeline of economic infrastructure debt opportunities globally, with those in near term totaling in excess of £230 million.
'These opportunities are geographically diverse and include potential investments in data centres, electricity generation and supply and renewable energy,' the company said.
Story provided by StockMarketWire.com
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