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Renewable firm Infinis sets price for IPO

Tahmina Mannan
Written By:
Tahmina Mannan
Posted:
Updated:
04/11/2013

Renewables firm Infinis Energy has set the price for its forthcoming stock market flotation.

The planned IPO will value the group at as much as £930m, with shares priced between 260p and 310p.

Individual investors will  be able to buy shares, with a minimum investment of £1,000.

Infinis Energy, which is owned by private equity group Terra Firma, has indicated that it is likely to pay a dividend close to £55m in its first full financial year.

Infinis is one of the UK’s leading renewable energy suppliers generating approximately 7% of the UK’s renewable electricity output.

Analysts at The Share Centre said: “It [Infinis] may be attractive for environmentally aware investors seeking income, as indicative yields are in the region of around 6% to 7%.”

This is the latest in a string of high profile UK IPOs, including offerings from Royal Mail and Merlin Entertainments.


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