Argo Infrastructure (ASX code: ALI) has completed another successful Share Purchase Plan (SPP), raising approximately $25 million from our shareholders.
The SPP was offered in response to the interest expressed by a number of shareholders at our recent information meetings held in various cities across Australia.
Funds raised under the SPP will be applied to further investments in global listed infrastructure securities taking advantage of the powerful long-term, secular themes supporting the outlook for the asset class.
Most notably, these include:
- Surging electricity demand driven in large part by artificial intelligence and data centres
- Ongoing digital transformation of the global economy
- Reshaping of supply chains as production is onshored and many economies re-industrialise