Fuel and forecourt retailer Applegreen has raised €46.9m after completing the placing of over eight million shares at a price of €5.80 per share.

The shares amount to about 10% of the company's issued share capital prior to the placing.

Applegreen's chief executive Bob Etchingham said the company was very pleased with the very strong support it received from new and existing shareholders. 

"The funds raised will ensure Applegreen is well positioned to continue to invest in opportunities for growth across our three markets," the CEO added.