Gaia plans to list on the JSE next month

The Star Early Edition - - BUSINESS REPORT -

Gaia In­fras­truc­ture Cap­i­tal, a com­pany fo­cused on in­fras­truc­ture and re­new­able en­ergy projects, is plan­ning to list on the JSE next month. It hoped to raise R500 mil­lion, the com­pany said yes­ter­day. Gaia chief ex­ec­u­tive John Oliphant said the rea­son for the JSE list­ing was to en­hance the pro­file of the in­fras­truc­ture as­set class. The list­ing price is ex­pected to be R10 a share, with a tar­get div­i­dend yield of in­fla­tion plus 2.5 per­cent on net as­set value. – Di­neo Faku

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