ESFG finds external demand
Espirito Santo Financial Group closed a €500m capital raise on Monday after increasing the size of the offer at the end of last week as private banks and European institutional investors put in orders for the stock.
The deal almost doubled the share capital ESFG sold 102.04m shares, 49% of its expanded share capital, at 4.90 each, in line with guidance and a 9% discount to the pre-launch price.
It had been on a roadshow since announcing an up-to 400m deal two weeks ago but
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