Blackfinch Renewable European Income is latest trust to defer IPO

Current market conditions to blame

Kathleen Gallagher
clock • 1 min read
The trust was targeting renewable energy infrastructure assets
Image:

The trust was targeting renewable energy infrastructure assets

Blackfinch Group has postponed the IPO of a Renewable European Income trust (BRET) due to market conditions, Investment Week has learned.

At the end of August the company announced its intention to raise up to £300m and seek admission to the London Stock Exchange. A spokesperson said "In the light of current market conditions, the decision has been taken to defer current plans for BRET. "We intend to come back to the market, at which point we will make a further announcement." The trust was due to announce the results of its fundraising on 1 October. AIC: Secondary fundraising eclipses 2019 levels Blakcfinch had identified a pipeline of renewable energy infrastructure assets in excess of £500m, including wind, ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot