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British Land Company PLC To Raise GBP500 Million Via 89.7Million Bookbuild Placing-DJ

Tuesday, 12 Mar 2013 03:19am EDT 

Dow Jones reported that British Land Company PLC said it plans to raise GBP500 million via a placing of up to 89.67 million new ordinary shares, with both existing and new institutional investors through a bookbuild process. Proceeds of the placing will be used to fund investment opportunities, with a focus on the Company's core sectors in London and the South East, primarily office, retail and mixed-use schemes. Morgan Stanley Securities Ltd. and Morgan Stanley & Co. International PLC and UBS Ltd. are acting as Joint Bookrunners and Corporate Brokers and Goldman Sachs International is acting as Joint Bookrunner in connection with the Placing. 

Company Quote

-1.0 -0.12%
7:01am EST