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Kier moots fundraising of up to £240m to cut debt

The construction specialist is hoping to strengthen its balance sheet amid rising debt
Kier moots fundraising of up to £240m to cut debt
  • Placing and open offer planned in the coming weeks
  • Net debt rises by almost half over the 12 months to the end of December

Kier (KIE) has ramped up efforts to bolster its balance sheet, announcing plans for an equity raise of between £190m and £240m via a placing and open offer in the coming weeks. 

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