Freshfields Advised SSE on its £2bn Equity Raise
Freshfields Advised SSE on its £2bn Equity Raise
Global law firm Freshfields has advised long-standing FTSE 100 client SSE plc (SSE), one of Europe’s largest electricity infrastructure companies, on its successful equity placing to institutional investors, concurrently with a retail offer and director subscription, to raise total gross proceeds of approximately £2bn.
The proceeds of the equity raise will be used as part of the overall funding of SSE’s transformational £33bn five-year investment plan to 2029/30, positioning it as one of the fastest growing electricity networks in the world and more than trebling the size of the regulated asset base.
The Freshfields team was led by Egor Marisin (Senior associate), Katie Bentel (Senior associate) and Julian Pritchard (Partners), Nick Jones (Partners) and Alexander Shoferpoor (Associates), Caitlin Turner (Associates) and Lea Mansouri (Associates).
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