Urban Logistics seeks £130m from investors to fund acquisitions

Boxes being carried on a forklift

Source: Fotolia

Urban Logistics is seeking around £130m from retail and institutional investors via the combination of a share placing and issue.

The group will seek around £100m from a placing of shares at 139 pence with new and existing investors. The issue represents a discount of 5.4 %to the closing mid-market price last Friday. 

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