GCP Infrastructure placing to raise £60m

GCP Infrastructure is seeking to raise around £60m, gross, through a placing of new ordinary shares at 123.50 pence apiece - a discount of 9 pence to last night's closing market price of 132.50 pence.

The placing is being effected in order to allow the company to take advantage of a number of attractive investment opportunities in the near term and in accordance with it investment objective and policy.