Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UK government to sell at least 40 million shares in wind farm investor Greencoat

Published 05/02/2015, 08:04
Updated 05/02/2015, 08:10
© Reuters.  UK government to sell at least 40 million shares in wind farm investor Greencoat
BARC
-
UKWG
-

(Reuters) - The UK government intends to place at least 40 million shares in Greencoat UK Wind Plc (L:UKWG), a fund that invests in wind farms, via an accelerated bookbuilding to be launched immediately, one of the bookrunners on the deal said.

Barclays Bank Plc said on Thursday the shares being sold by the Department for Business, Innovation and Skills would be priced between 103 pence and 105 pence. Greencoat shares closed at 106.25 pence on Wednesday.

The placing is expected to close no later than noon on Feb. 6, the bank added.

Barclays and RBC Capital Markets are joint bookrunners on the deal, while Winterflood Securities Ltd is also working on the placing.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.