Fresnillo raises £905m in London float
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Mexican gold and silver producer Fresnillo raised £905m in an initial public offering priced at 555p a share.
With a market capitalisation of about £3.98bn, the group said it expects to be considered for inclusion in the FTSE Index.
Fresnillo intends to use the proceeds to re-pay existing debt and to help achieve growth through the delivery of its projects pipeline and expansion of its existing operations.
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"The board and the management team are delighted by the level and quality of investor demand in the current market environment," said chief executive Jaime Lomelin.
"We view this as a sign of confidence in Fresnillo's exciting future," he added.
Conditional trading has commenced on the London Stock Exchange's main market today.
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