Rump ends Imtech’s €500m Warsaw adventure

By Nick Jacob
26 Jul 2013

Royal Imtech, a Dutch provider of technical services for buildings, completed a €35.3m rump placing on Thursday evening, bringing to an end a €500m rescue rights issue prompted by problems at subsidiaries.

Rights holders took up 94.5% of the rights issue. The remaining 19.6m shares were sold on Thursday for €1.80 each, €0.40 above the issue price, and a 7.3% discount to Thursday’s €1.94 close.

The rump was launched by bookrunners ING and Rabobank shortly after market close on Thursday, and closed comfortably covered ...

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