Home
Investment
News & Views
Company News
news storage
Scottish Resources plans London IPO
Wed, 08 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Scottish Resources plans London IPO
Mon, 28 Jun 2010, 10:14:00
Scottish Resources Group
, the largest surface coal mining group in the UK, plans to raise £25m when it lists on the main market of the London Stock Exchange. The proceeds of the placing will be used to refinance a mine site acquisition and strengthen its balance sheet. The float is expected to value the group, which also has a strategic land portfolio in the central belt of Scotland, at about £220m. Investment company Palmaris Capital said it may sell down most or all of its 16.1% shareholding in Scottish Resources Group. Pricing of the placing and admission are expected to take place in mid to late July.
©2004-2009 QCK.com