Costain plans £75.1m capital raise

By Nina Flitman
27 Feb 2014

UK engineering firm Costain Group hopes to raise around £75.1m through the sale of almost 33.8m new ordinary shares.

The new shares issued under the capital raise will be priced at 225p, a 30% discount to the 319.5p closing price of the stock on Wednesday.

The firm placing, open offer and placing is being led by Investec and Liberum as joint global co-ordinators, bookrunners and brokers ...

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