EDP kicks off Europe’s wave of M&A rights issues
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EquityFollow-ons and Rights issues

EDP kicks off Europe’s wave of M&A rights issues

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Energias de Portugal (EDP), Portugal’s largest utility company, is raising €1bn through a rights issue to acquire Spain’s Viesgo. Bankers expect it to be the first of a number of acquisition-related cash calls to be launched in Europe.

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