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Cypriot night vision goggles manufacturer has benefited from defence industry boom
Capital raise successful amid share volatility
Military goggles maker Theon starts €150m rights issue
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After a delayed start at the end of last week, Banca Carige’s €500m rights issue is under way. So far it has been a “rollercoaster”, a source close to the deal said, but its promoters are delighted that the Genoese bank has got its money, thanks to the multi-handed underwriting agreement. -
Nasdaq, the exchanges and trading technology company, is launching a blockchain-based product in South Africa, designed to make shareholder voting more efficient.
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Valora, the Swiss convenience retailer, has raised Sfr172m through an equity capital raising to refinance its acquisition of German bakery group BackWerk and to grow its production capabilities.
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Banca Carige has launched its €560m equity capital raising, after two days of frenetic talks on Thursday and Friday, following the bank’s surpise announcement on Thursday morning that it had been unable to form an underwriting syndicate. Several new investors have agreed to invest in the deal, which will be at 60 new shares for every one held.
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Banca Carige, the Genoese bank, is struggling to save its recapitalisation plan, after failing on Thursday to launch its expected €560m rights issue, leaving its future in doubt. With several Italian and Spanish banks having collapsed in the past few years, market participants will be watching this latest test of Europe’s systems for dealing with faltering banks, write Jon Hay, Sam Kerr and Tyler Davies.
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Edelweiss Financial Services has added Rp15bn ($229.6m) to its coffers after pricing its qualified institutional placement at the bottom of the range.
