Voltalia, the French renewable power producer, has launched a €376m rights issue to finance increased capacity, and has won a new investor in the European Bank for Reconstruction and Development (EBRD).
BNP ParibasJP Morgan and Natixis are bookrunners in the five-for-six share transaction. CM CIC Market Solutions, Portzamparc and Santander are co-lead managers.
The subscription price is €9.20 per new share and the rights trading period runs until July 4. The subscription period runs