Latest EMEA Follow-Ons/Rights issues news

• Deutsche cash call to fund Commerz merger far from certain

  

  Shares in Deutsche Bank, the largest bank in Germany, fell as much as 4.5% on Thursday after reports that it is considering raising fresh equity capital to finance its potential merger with Commerzbank, two years after its last €8bn rights issue.

  • 28 Mar 2019

• Cellnex covers €1.2bn rights issue over 16 times

  

  Spanish telecommunications company Cellnex’s €1.2bn rights issue has finished more than 16 times covered after its shareholders bought into its growth plans.

  • 22 Mar 2019

• Prisa starts €200m rights offer to acquire all of Santillana

  

  Prisa, the Spanish media conglomerate that owns El País, has agreed to acquire full control of educational publisher Santillana and will finance the deal with a €200m rights offer.

  • 21 Mar 2019

• Norwegian gets rights issue support despite headwinds

  

  Norwegian Air Shuttle, the Norwegian airline, has priced its heavily discounted Nkr3bn (€308m) rights issue receiving a high take-up from shareholders, despite safety concerns over some of its fleet and heavy shorting of the stock.

  • 12 Mar 2019

• ECM bullish on Iberia as issuers prep market return

  

  Sell-side sources are hoping that Iberian ECM can return to its golden age with sellers prepping more issuance after two deals hit screens in the last week.

  • 05 Mar 2019

• Funds short Metro Bank but market confident on rights issue

  

  Metro Bank has come under pressure from investors building short positions against it in recent days, but sources are still confident in its chances of executing a successful rights issue.

  • 04 Mar 2019

• Greencoat Renewables back for more with €105m cap raise

  

  Greencoat Renewables, the Irish wind farms fund managed by Greencoat Capital, returned to the equity capital markets on Monday with a €105.5m fundraising following the release of its 2018 earnings.

  • 04 Mar 2019

• EMEA ECM on fire as deals continue to hit market

  

  Equity capital markets came to life this week as several issuers across Europe announced strategic capital raising plans and block trades hit screens.

  • 28 Feb 2019

• M&S hopes to spark shareholder imagination with Ocado deal

  

  Marks & Spencer will turn to its shareholders to fund a £750m joint venture with Ocado Group in a move that would see the company metamorphose into a leading online food retailer.

  • 27 Feb 2019

• Metro launches capital raise following accounting blunder

  

  Metro Bank has obtained a standby underwrite for a £350m ($464m) equity raise to be completed later this year, even as short sellers circle around the bank. The miscalculation in its risk-weighted assets (RWAs) announced last month, and an expected delay in getting permission for internal models to calculate those weightings, are both damaging for its capital ratios.

  • 27 Feb 2019

Follow-Ons/Rights issues news archive