Greencoat Renewables

Announces share issuance

  • Sectors : Energy Transition
  • Companies : Greencoat Renewables

Ratings and price correct at time of issue.

  • Greencoat Renewables

    Closing Price: 122c

  • RATING 24/08/17

  • PREVIOUS RATING N/A

DAVY VIEW

Greencoat Renewables has announced a c.€100m capital raise, to facilitate further acquisitions (it is currently considering a selection of assets worth more than €500m). The equity issuance is consistent with the company’s now oft-demonstrated approach to funding its ongoing growth. It would mark the third such event since its 2017 IPO – the prior two raises, totalling c.€260m, have underpinned the deployment of almost €700m of capital over the same period.

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Nov 21 2019, 07:25 GMT

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