Talvivaara CEO completes €27m tail-swallow

25 Mar 2013

The chief executive of Talvivaara, the troubled Helsinki and London-listed nickel miner, has placed 48m subscription rights, representing around 18% of the deal, and 1.9m shares allowing him to take part in the company’s €261m rights issue.

Pekka Perä — who held a 20.7% stake before the deal — committed at launch to contribute €5m to the, as well as 76% of the proceeds of the tail-swallow.

Rights holders will be offered six shares for every one held at a 43.7% discount to the theoretical ...

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