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Informa joins rights issue queue

The line up of European firms looking to tap the equity markets grew again this week as UK media businesses Informa and Mecom published rights issue plans. Also, Wavin, the Dutch plastic pipe supplier is looking for equity support from private equity firm CVC Capital Partners as well as a public rights issue in exchange for increased flexibility from its lenders. Meanwhile, UK rail and bus operator National Express said it regards a rights issue as one way to tackle its £1bn debt pile, but a deal is not imminent.

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