November 30, 2018 / 2:24 PM / 11 days ago

Kier to raise 264 million pounds in share sale

Nov 30 (Reuters) - Kier Group Plc will sell shares to raise about 264 million pounds ($336.97 million), the British builder said on Friday, adding that lenders were looking to cut their exposure to the UK construction sector.

The company also said its current trading and outlook for 2019 were in line with its expectations.

$1 = 0.7835 pounds Reporting by Arathy S Nair in Bengaluru; Editing by Bernard Orr

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