INPP confirms 'oversubscribed' placing

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

International Public Partnerships Limited (INPP) has closed the launched placing, raising GBP116.5 million (US$143.266 million) before costs and expenses through the issue of 75,649,350 ordinary shares of 0.01p in the capital of the Company by way of tap issuance.

The placing was significantly oversubscribed with strong demand from existing and new shareholders.  In light of this demand, the Board has increased the size of the placing from the original target amount of GBP75 million (US$92 million). The proceeds will be used to pay down the cash drawn a portion of the Company's corporate debt facility which has been used to finance the Company's recent investments.  This will also put the Company in what it believes to be a strong position to pursue the pipeline of opportunities identified in the U.K. and overseas.

List of the country updates

Country updates

  • September 30, 2019

    PIN for Climate Innovation District in Glasgow

    The University of Strathclyde in Glasgow has published a prior information notice for creating a 'Climate Innovation District' — Design work specification and scope of service for the developmen...

    Read more
  • September 26, 2019

    London Borough of Bromley launches housing development tender

    The London Borough of Bromley has launched a tender for the delivery of affordable housing units under the public-private partnership (PPP) scheme.   The selected partner will deliver...

    Read more
  • September 26, 2019

    EQT Infrastructure II enters agreement with Infracapital for the sale of GB Railfreight

    EQT Infrastructure II, through its portfolio company Hector Rail Group, has entered into a definitive agreement to sell GB Railfreight Limited to Infracapital, the unlisted infrastructure equity arm o...

    Read more
  • September 26, 2019

    Financial close on GBP3.8bn super sewer project in the UK

    Rubicon Capital Advisors has completed the GBP75 million (US$93.3 million) private placement financing for Thames Tideway Tunnel (Tideway) project through its Bazalgette Tunnel Limited entity. Th...

    Read more
  • September 26, 2019

    Wales establishes Land Division

    The Government of Wales intends to establish a new division to further enhance this Government’s mission to increase the number of new homes built across the country. The new Land Division...

    Read more

Share this update