Imtech launches €600m rights, year after similar rescue deal

By Andrew Griffin
28 Aug 2014

Dutch engineering firm Royal Imtech said on Tuesday that it would cut jobs and launch a €600m rights issue, just over a year after it needed a similarly sized capital increase to rescue the company.

The rights issue is fully underwritten by ING, Rabobank, Commerzbank and ABN Amro.

The company will hold an extraordinary general meeting of shareholders to approve the deal and a reverse share split on October 7. The deal is set to be launched as soon as possible after the ...

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