InPP raise beats target

21 Jun 2012

International Public Partnerships, the listed infrastructure fund, on Tuesday completed a £200m capital raise, topping its targeted size as a broad range of investors bought into a sector uncorrelated with broad market dislocations.

InPP had set out on May 8 to raise up to £180m but, with the deal oversubscribed at the £200m size, increased the offer. Shareholders had been offered one new share for every six held under the open offer, with additional shares available under an offer for subscription ...

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