Finance

Pacific raises £20m but falls short of target

By 2018-04-06T12:19:00

Warehouses

Source: Shutterstock/Hans Engbers

Pacific Industrial & Logistics has raised £20m to help fund two portfolio acquisitions, but fell short of its target figure of £50m set last month.

The listed company received expressions of interest in a £20m placing of ordinary shares which are expected trade on the London Stock Exchange from 26 April, subject to shareholder approval.

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