Summary
THE owner of Europe's largest coal-fired power station asked investors for pounds 100m yesterday in order to preserve its investment grade debt rating.
Drax, which produces 7% of the UK's electricity at its Selby plant, in North Yorkshire, described the share placing as sensible and prudent after ratings agency Standard & Poor's downgraded its view of the company's debt.See the full content of this document
Extract
Drax taps investors
Its seni...
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