Deals update: Erste pre-places, Talanx dips, D.Annington closes

By Nick Jacob
02 Jul 2013

Erste Group Bank completed a €660m pre-placement on Tuesday morning in a deal that is subject to up to 50% claw-back and set the pricing terms for its rights offer to shareholders.

The deal came at €18.75 a share, 8.1% below Monday’s close. The shares traded well above that level on Tuesday, closing at €20.01, an indication that a clawback level close to the maximum is likely. Shareholders are being offered four new shares for every 45 held in the ...

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