D Wohnen completes as rights structure pays off
Deutsche Wohnen on Tuesday wrapped up a €188m rights issue with a rump placement for the 4% of shares not taken up in the offer. The high take-up rate was vindication for an unconventional structure designed to avoid selling shares at a deep discount to net asset value while allowing shareholders to trade rights.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts