Voltalia raises €376m of equity capital to grow power capacity

Wind farms from Fotolia 230x150
By Aidan Gregory
11 Jul 2019

French renewable energy company Voltalia has finished its €376m rights issue after meeting with more than 100 investors on a deal roadshow, according to a source close to the transaction.

Voltalia said that the capital increase was 109.5% oversubscribed, in a statement on Thursday. Existing shareholders subscribed to 98.9% of the 40.82m new shares on offer. The offer price was €9.20, a 9.4% discount to the theoretical ex-rights price.

BNP ParibasJP Morgan and Natixis were bookrunners on the ...

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