PPC equity capital raise’s share price, volume to be set today

The price level and volume of new shares to be offered through power utility PPC’s equity capital raise are expected to be finalized at a board meeting today.

The level of investor interest leading to the procedure has indicated that PPC may raise capital in excess of 1.2 billion euros, if reports pertaining to the issuance of between 130 and 140 million new shares are confirmed.

The equity capital raise will increase the stake of private investors from 34 percent to 66 percent and offer the corporation fresh capital for its enormous investment plan.

PPC is striving to implement an ambitious 8.4 million-euro investment plan by 2026.