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Scottish Resources plans London IPO
Wed, 08 Feb, 2012
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Scottish Resources plans London IPO
Mon, 28 Jun 2010, 10:14:00
<b>Scottish Resources Group</b>, 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.
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