BRIEF-Greencoat Renewables to list on London and Irish stock exchanges
Greencoat Renewables Plc
* Announces intention to raise up to eur 250 million and seek admission of its shares to trading on AIM and ESM
* Intends to list on LSE and ISE in order to raise new funds and position company for future growth
* In March 2017, the Company acquired a seed portfolio of operating Irish onshore wind farms, with an aggregate capacity of 137MW
* Funding for the acquisition was provided by the National Treasury Management Agency (as controller and manager of the Ireland Strategic Investment Fund) and Allied Irish Banks
* Intends to acquire further operating Irish wind farms and, over time, to acquire operating wind and solar assets in certain other Eurozone countries
* Expects it will be the first renewable energy infrastructure company listed on the Irish Stock Exchange and is expected to have, on Admission, an equity market value of eur 250 million Source text for Eikon.
Source: Reuters
