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Cordiant placing underscores digital demand

Cordiant Digital Infrastructure CORD

Cordiant placing underscores digital demand – Cordiant Digital Infrastructure says its C share issue raised £185m – it will issue 185m shares at £1 per C share. The company has a pipeline of investments lined up. [This comes very shortly after this morning’s announcement from Digital 9 Infrastructure that it raised £175m from investors. Cordiant’s target was to raise £250m, so this could be seen as a disappointment, but with both companies raising money at the same and a collective £1bn raised for these funds this year, they seem to be on a roll.]

Shonaid Jemmett-Page, chairman of the company, said: “The board is pleased to have completed this successful capital raise which will enable the company to expand the portfolio, having already substantially fully deployed the IPO proceeds shortly after the IPO. This is recognition, in our view, of the abilities of the investment management team to execute the investment strategy, deliver attractive total returns to shareholders and make a positive impact on societies.”

CORD : Cordiant placing underscores digital demand

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