Shaftesbury wraps up £307m capital raise

Shaftesbury has closed its £307m equity issue.

The West End landlord announced the deal in October, saying it was necessary to give it the “financial flexibility and resources to navigate the unprecedented near-term operational challenges caused by the Covid-19 pandemic”.

Shareholders Capco and Norges both backed the transaction.

The new shares will start trading on 18 November.

 

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