Linde makes investment in UK hydrogen firm ITM

Linde_logo_alamy_230x150
By Sam Kerr
04 Oct 2019

Linde, the multinational industrial gas company, is making a strategic equity investment in ITM Power, the UK hydrogen machine manufacturer, as part of a fundraising plan worth up to £58.2m.

Investec is bookrunner on the transaction.

The company is making is making a £38m investment in ITM through Linde Holdings No 2, buying new shares at 40p a share. ITM is selling a further £14m stake through a firm placing to existing shareholders and new institutional investors.

The final stage ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial