Gecina’s €1bn rights issue finishes nearly three times covered

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By Aidan Gregory
09 Aug 2017

Gecina, the French real estate investment trust, has raised €1bn after its M&A-driven rights issue was nearly three times covered.


The company will issue 9.06m of new shares, 98.9% of which were subscribed on an irreducible basis. It received demand for an additional 15.3m of shares on a reducible basis, making the one-for-seven deal 267% subscribed. The subscription period opened on July 21 and ended on August 2.

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