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Equity

RWE takes €2.1bn, investors get big discount

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

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