3i Infra in share placing
International infrastructure investor 3i on Monday said it planned to raise cash to pay down debt and finance new deals.
The company plans to place shares at 330p each, a 3.1% premium to the ex-dividend net asset value per share at September 30 and a 3.4% discount to the closing share price on February 3.
“The investment manager has identified a number of follow-on growth opportunities in existing portfolio companies, which may involve further equity investment in the near-term,” 3i said in a statement.
Reporting by Frank Prenesti for Sharecast.com