PropertyEU

St Modwen to raise EUR 114m

By A staff reporter 2009-05-15T00:00:00

UK regeneration specialist St Modwen plans to raise £102.1 mln (EUR 114 mln) to reduce debt and provide funds for acquisitions. The fund raising involves the placement of 80 million shares at 135 pence each, a discount of 38.4% to the closing price of 219.25 pence per share on 13 ...

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