Latest EMEA Follow-Ons/Rights issues news

• Earnings drop points to more ECM capital raises

  Earnings growth in Europe appears to be slowing after a number of corporates missed estimates as they reported their latest numbers — increasing the chances that issuers will need to turn to equity markets to raise primary capital.

  • 14 Feb 2019

• ECM market open for M&A financing

  

  Investors have given a rapturous reception for companies raising equity capital to undertake mergers and acquisitions, given the quiet elsewhere in ECM.

  • 14 Feb 2019

• Greencoat UK Wind closes books early

  Greencoat UK Wind, the UK infrastructure fund focused on wind farm development, has completed a £131m capital increase early after investor demand for the offer swelled.

  • 13 Feb 2019

• Ramsay Générale de Santé announces rights offer

  

  Ramsay Générale de Santé, the French private hospitals operator, is preparing to raise €620m of equity capital to refinance bonds issued to acquire Capio in Sweden.

  • 12 Feb 2019

• Tritax Big Box Reit raises £250m for acquisition

  

  Tritax Big Box Reit, the UK real estate investment trust focused on ‘Big Box’ warehouse assets, has completed its tenth capital increase since its IPO on the London Stock Exchange in December 2013.

  • 11 Feb 2019

• Disappointing earnings could lead to more ECM issuance

  

  Earnings growth in Europe appears to be slowing with a number of corporates missing estimates as they report their latest numbers — increasing the chance that issuers will need to turn to equity markets to raise primary capital.

  • 11 Feb 2019

• Dia’s top shareholder offers new equity, but risks remain for bondholders

  

  LetterOne, the largest shareholder in troubled Spanish retailer Dia (Distribuidora Internacional de Alimentación), has unveiled a tender for the group’s shares, along with a plan to inject €500m of equity, as an alternative to the existing management plan for the group. The share price bounced on the news, but bondholders need more clarity about LetterOne’s intentions — and about what will happen to the firm’s €1.3bn of trade payables.

  • 06 Feb 2019

• Greencoat UK Wind seeks £131m of capital to buy Scottish farms

  

  Greencoat UK Wind, the UK infrastructure fund focused on wind farm development, has begun the deal roadshow for its latest £131m capital increase.

  • 04 Feb 2019

• Low & Bonar to raise £54m to clean balance sheet

  

  Low & Bonar, the UK maker of fabrics and flooring materials, has announced a £54m placing and open offer to reduce its debt burden in order to satisfy its debt covenants.

  • 30 Jan 2019

• Shares in Norwegian nosedive after rights issue announcement

  

  Shares in Norwegian Air Shuttle, the Norwegian budget airline, fell 25% on Tuesday after the company announced an Nkr3bn (€308m) rights offer to avoid breaking its financial covenants following widening losses and an abandoned takeover attempt by IAG.

  • 29 Jan 2019

Follow-Ons/Rights issues news archive