Talvivaara raises £79m

Talvivaara, the Finnish nickel bioleaching firm, launched and priced a top-up placement of 10% of its existing share capital on Thursday to raise £68.9m in a copy-cat of a June 2009 deal. Like the earlier outing, the deal was priced at a 15% discount to the previous close, a level explained by the need for EGM approval and consequent lengthy settlement period.