Shareholders underwrite troubled Scana rights issue
Struggling Norwegian industrial group Scana Industrier on Friday released the prospectus for a shareholder-underwritten Nkr150m ($25.28m) rights issue to refinance its debts.
The company is issuing 120m new shares at a ratio of 0.715 for every one held. It is offering shares at Nkr1.35 each, a 21.4% discount to the theoretical ex rights price based on the closing price of January 9, when the deal was first announced.
The companys eight
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