BBGI infrastructure trust increases fundraising following significant demand

Raised £75m in placing

BBGI Global Infrastructure has raised £75m after an overwhelmingly oversubscribed secondary fundraising.

The £920.9m investment company, currently trading on a 23.7% premium, was targeting £50m. In a stock exchange announcement the company said they attracted more than the current fundraising as "investor demand substantially exceeded the maximum size of the placing" and so they undertook a "scaling back exercise". BBGI's share price is outperforming the Association of Investment Companies (AIC) infrastructure sector across one and three years, but underperforming over five years. It has returned 6.2% in one year, compared to the sector's 3.4%, according to AIC figures. In five years ...