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EquityEquity - Follow-ons and Rights issues

Cattolica shares plunge as €500m 21-for-10 rights issue gets going

Euro debt 230x150

Società Cattolica di Assicurazione, the Italian insurance company undertaking a €500m rights issue, looks set to provide its underwriters with a nervy few weeks. The shares began trading ex-rights on Monday and have already fallen to within 14% of the subscription price.

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