Strong support for Land Securities as £1.5bn of deals price

March 25, 2009 12:00 am

The £750m rights issue for property business Land Securities has reached a take-up of 95% in a week when £1.5bn worth of deals are pricing in UK markets. The £580m capital increase by Hammerson was taken up by 99% of shareholders, and strong support is expected for the £200m rights issue of insurance business Catlin, given that the shares are trading comfortably above the rights price. Will the strong shareholder support trigger more issues into UK markets? Read EuroWeek on Friday.

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