Rights issues start rolling with Foncière, mandate for Rabigh

By Aidan Gregory
05 Jan 2017

Equity capital markets in Emea reopened after the holidays this week, with details of the first new capital increases in France and the UK being made public.

Foncière des Murs, the French property company controlled by Foncière des Régions, will raise €200m of equity in a rights issue to partly finance its €542m acquisition of a portfolio of 19 Spanish hotels from Merlin Properties.

Foncière des Murs' share price rose 3.5% on Monday after the ...

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