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Qualifying shareholders take up 68% as remainder stays with conditional placees
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Placing and open offer follows recent acquisition of US annuity provider
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Rights issue will allow shareholders to buy shares at a 99.4% discount to Wednesday’s closing price
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Moroccan investor to sell 11.3% of bank in fully marketed offering, after replacing Crédit Agricole as majority shareholder
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Swiss asset manager’s anchor investor to underwrite the rights issue, two Norwegian companies do block trades
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Over half of deal was spoken for at launch
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Investment firms JRJ Group, Trilantic Capital and BXR Group Holdings are the sellers
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The widely expected sell-down in the National Bank of Greece came at a 1.31% discount