The Greencoat Renewables trust has raised €281.5m in an oversubscribed fundraising.
The company, which currently has £1.1bn in assets under management, said 251.4m placing shares will be issued at a price of €1.12 per share. The proceeds of the fundraising will provide the trust the "flexibility to execute on assets under exclusivity and meet obligations under committed forward sale investments, all while maintaining gearing within the company's target range of 40-60%". Scottish Mortgage: Movements on 113-year-old trust are buying opportunity Rónán Murphy, chair of the trust said he was "very pleased" with the placing. "As the transition to renewable energy gat...
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