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Foresight Sustainable Forestry Co PLC - London-based forestry investment trust, managed by private equity firm Foresight Group LLP - Acquires three aforestation sites in Scotland for £3.8 million in total.
The company purchases 50 hectare property known as Droveroad Wood in Lillesleaf, 98-hectare Chatto Craigs near Galashiels and 79-hectare Piltanton Wood in Dumfries & Galloway.
The acquisition will increase Foresight's portfolio to 8,769 hectares.
Company also signs thee-year revolving credit facility worth £30 million, and uncommitted accordion facility for up to and additional £30 million.
Current stock price: 110.50 pence
12-month change: up 13%
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