Investors welcome Fugro rights issue

Fugro_PA_575x375_Dec12
By Owen Sanderson, Sam Kerr
02 Dec 2020

Shares in Fugro, the Dutch geo-data specialist, rose by over 7.5% in trading on Wednesday after the company set terms for a €197m rights issue. The cash call is part of a comprehensive refinancing package that finally resolves longstanding issues around debt maturity.

Barclays, ING and Rabobank are global co-ordinators on the trade while ABN Amro, BNP Paribas, Credit Suisse and HSBC are bookrunners.

The company will issue 92.96m new shares to its shareholders who have the right to buy 11 new Fugro shares ...

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