London Office Advises the PFI Infrastructure Company PLC on a Placing of Shares, Raising £30 Million
LONDON (16 March 2006)— McDermott Will & Emery UK LLP has advised The PFI Infrastructure Company PLC (PFI Co) on its placing of 17,142,857 new ordinary shares of 10p each at a price of 175 pence per placing share, raising £30 million before expenses, conditional upon shareholder approval at an extraordinary general meeting to be held on 3 April 2006.
PFI Co was launched in 2004. Its purpose is to make equity investments in a range of private finance initiative assets like schools, hospitals and roads, which were previously procured and funded by local or central government and PPP’s.
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McDermott Will & Emery UK LLP also acted on the original IPO of the PFI Infrastructure Company plc. The PFI Infrastructure Company, was the UK’s first “pure play” listed PFI investment company.
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