Banks underwrite Aryzta’s €800m rights issue

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Banks underwrite Aryzta’s €800m rights issue

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Illustration picture shows sweet pastries at the new pilot store (pilootwinkel - Magasin Pilote) of supermarket chain Aldi Belgium, in Diegem, Tuesday 27 March 2018. BELGA PHOTO THIERRY ROGE | THIERRY ROGE/PA Images

Shares in Aryzta, the frozen baked goods company listed in Ireland and Switzerland, surged by as much as 13% on Tuesday morning after it signed an agreement with five international banks to underwrite its €800m rights issue.

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