VW tries to keep banks sweet on Eu4.5bn placement
Volkswagen opened books on a Eu4.5bn share placement on Tuesday afternoon in a deal that will help finance the integration of rival Porsche. The offer is set to price on Thursday, after banks have pre-sounded the core shareholder group ahead of launch. With no less than 14 banks underwriting the deal, what will each bank earn in fees? Read EuroWeek on Friday.
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