Power producer ContourGlobal starts $400m London IPO

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Power producer ContourGlobal starts $400m London IPO

Aidan Gregory
October 12, 2017 05:00 pm
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File photo dated 05/01/17 of a wind farm, as the number of power stations in the UK generating electricity from renewable sources, such as wind and solar energy, is five times higher than a decade ago - but industry experts have warned the sector's future remains under threat. | Gareth Fuller/PA Wire/PA Images

Yet another new London IPO was unveiled on Thursday, when ContourGlobal, the emerging markets-focused power generation company, said it would raise $400m to finance growth and cut debt, by selling new shares to institutional investors.

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