Xstrata and Saint Gobain close but much more to come
Investors have swallowed the first wave of large rights issues when the offer periods for the Xstrata and Saint Gobain deals ended this week. A positive outcome is also expected from British Land, and details of the take-up in the £740m deal will become public tomorrow. Deals worth Eu6.7bn are now priced and out of the market, but the real test is still ahead with the pipeline still bulging. Are bankers expecting a smooth ride? Read EuroWeek on Friday to find out.
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