HydrogenOne trust 'creeps over the line' to raise £107m

INEOS to hold 23%

clock • 1 min read
The trust was targeting £250m
Image:

The trust was targeting £250m

HydrogenOne Capital Growth (HGEN), the first dedicated trust to clean hydrogen, has raised £107.35m through its placing, with INEOS Energy providing 23% of that.

It expects the net proceeds of the issue to be £105.2m and the shares will be issued at 100p per share. The trust was targeting a £250m fundraising. When announced, INEOS Energy, the world's third-largest...

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