TAG completes with 64% take-up

TAG Immobilien completed a €270m rights issue on Monday when it announced a 64% subscription rate, in line with similarly-structured at-market deals. An accelerated bookbuild last week set the rights issue price of €9 a share and provisional allocations from it will be clawed back according to the rights take-up level. The shares closed at €9.106 on Monday, down 0.3% on the day.