De La Rue raises cash to lead expected busy second half for UK ECM

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By Sam Kerr
07 Jul 2020

The UK has been at the forefront of Europe’s equity capital raising wave, as companies respond to the Covid-19 pandemic. De La Rue, which makes passports and banknotes, became the latest UK firm to do so with a £100m raise on Monday — and sources believe there is plenty more to come.

De La Rue was joined in the market by Warehouse Reit, which priced a £153m equity raise on the same day.

Barclays, Investec and Numis underwrote the 91m share De La Rue deal. Peel Hunt and RBC Capital Markets were the bookrunners on Warehouse Reit.

The two transactions ...

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