Follow-Ons/Rights Issues

  • Phoenix Group to buy ReAssure for £3.2bn

    Phoenix Group to buy ReAssure for £3.2bn

    Phoenix Group Holdings, the UK life insurer, has stuck a deal to acquire ReAssure, the UK closed book life insurance division of Swiss Re, for £3.2bn in cash and shares.

  • Juventus shares begin trading ex-rights

    Juventus shares begin trading ex-rights

    Shares in Italian football club Juventus FC have started to trade ex-rights this week ahead of its €300m rights issue, which is expected to price before Christmas to give the club more firepower in the January transfer window.

  • Investors rush to RBL's Rp20bn placement

    Investors rush to RBL's Rp20bn placement

    RBL Bank’s qualified institutional placement (QIP) was multiple times covered within hours of launching on Tuesday in India, said a source familiar with the matter.

  • Brait raises £150m from CB investors in first leg of restructuring

    Brait raises £150m from CB investors in first leg of restructuring

    Brait, the troubled South African investment company, managed to issue a £150m five year convertible bond on Wednesday, an essential piece of its restructuring plan, which includes a new strategy, a recapitalisation, including a rights issue, to repay debt and the sale of two UK assets.

  • Niel’s new way to buy big stake in Iliad startles market

    Niel’s new way to buy big stake in Iliad startles market

    Xavier Niel, the founder and controlling shareholder of Iliad, the French telecoms company, is using an innovative technique to enlarge his stake, while avoiding the usual requirement to make a public offer to buy the whole company. Some bankers think it could be a clever new option for company owners — others doubt it can be used widely. Sam Kerr and Jon Hay report.

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