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Sfr4.9bn trade is largest European ECM deal since National Grid’s £7bn rights issue in 2024
Offer came as markets recovered and volatility fell
Naturgy and Zurich fall in secondary market after jumbo blocks
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JinkoSolar Holdings increased its concurrent American depositary share and equity-linked deals to a combined $280m on January 16, thanks to high subscription levels for what was the first deal of this kind since Yingli Solar’s trade in December 2007.