Greencoat eyes European investments after raising €281m in oversubscribed share placing

The move increases Greencoat’s total issued share capital to more than 1.14 billion ordinary shares

Rónán Murphy, Greencoat’s chairman, said the raise reflected shareholders’ confidence in the company’s plans. Picture: Joe Keogh

Greencoat Renewables, the listed Irish energy investment firm, has raised more than €281 million in an oversubscribed share placing.

The company this morning announced that 251.3 million placing shares would be placed at €1.12 per placing share to fund a number of short-term investment opportunities in Ireland and Europe.

The shares represent around 28 per cent of Greencoat’s existing issued ordinary share capital before the placing.

The move increases Greencoat’s total issued share capital to ...