Commerz kicks off €2.5bn rights issue to pay down state aid

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Commerz kicks off €2.5bn rights issue to pay down state aid

Commerzbank launched its €2.5bn fully-underwritten rights issue to pay back state aid on Tuesday, pricing the deal at a 38% discount to the theoretical ex-rights price of the shares. The stock has lost 32% since the capital increase was announced in March.

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