Blackfinch Renewable European Income is latest trust to defer IPO

Current market conditions to blame

Blackfinch Group has postponed the IPO of a Renewable European Income trust (BRET) due to market conditions, Investment Week has learned.

At the end of August the company announced its intention to raise up to £300m and seek admission to the London Stock Exchange. A spokesperson said "In the light of current market conditions, the decision has been taken to defer current plans for BRET. "We intend to come back to the market, at which point we will make a further announcement." The trust was due to announce the results of its fundraising on 1 October. AIC: Secondary fundraising eclipses 2019 levels Blakcfinch had identified a pipeline of renewable energy infrastructure assets in excess of £500m, including wind, ...