ABInBev, Centrica close Eu8.8bn rights offers
With over Eu12bn worth of rights issues still outstanding in Europe at the beginning of the week equity bankers will have been relieved to see two deals closing comfortably. ABInBev’s Eu6.36bn offer ended Tuesday, with the shares closing at more than double the rights price. Good results can also be expected for Centrica’s £2.2bn rights issue, (closing Friday), as the shares are trading well above the rights price. This leaves StanChart’s £1.8bn and Swedbank’s Eu1.2bn offers in the market. Are bankers expecting any surprises before year end? Read EuroWeek on Friday.
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