UK airport operator raises £100m of rescue cash

By Sam Kerr
05 Jun 2020

Stobart, the UK infrastructure and aviation company which owns London Southend airport and was a part owner of UK airline FlyBe, won wide support from equity markets on Thursday evening, giving the company the funds to manage through the coronavirus pandemic.

The placing of new shares was launched at 6:13pm on Thursday evening, with a range of 35p-40p; Stobart announced it was seeking between £85m and £100m from investors. The transaction was priced at the top of the range, meaning Stobart raised the full amount.

The final price was ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial