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RWE takes €2.1bn, investors demand big discount

RWE raised €2.1bn selling new and treasury shares overnight on Monday. Joint bookrunners Deutsche Bank and Goldman Sachs priced the deal — which alone represented around one-quarter of all the ECM business priced in Europe since the beginning of August — with one of the widest discounts seen this year but achieved a comfortably oversubscribed book and a strong aftermarket.

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