Informa raises one billion pounds via share sale to buffer virus impact

(Reuters) - Informa , the world's largest organiser of business conferences and exhibitions, raised 1 billion pounds ($1.24 billion) through a share sale as the coronavirus pandemic forced the cancellation or rescheduling of hundreds of events.London-listed Informa on Thursday placed shares worth 20% of capital at 400 pence apiece, a 4% discount to their close price on April 15. Shares of the company ended 4.9% higher at 437.4 pence.The company, which also plans to access funds under Britain's..