Uniqa raises €705m as management soothes investor concerns

By Andrew Griffin
09 Oct 2013

Austrian company, Uniqa Insurance Group completed a €705m re-IPO on Wednesday that will help fund its restructuring plan.

Uniqa sold 95m new shares — representing around 44% of the pre-deal share capital — for €8 each. The deal increases the company's free float from 6.9% to 35%.

The offer price was the middle of the €7.50-€8.50 launch range. There was little difficulty in walking investors up to ...

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