Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Shares in Elis Services, the French bed linen and laundry company, gained 8.6% on Thursday after it announced on Wednesday night that it was buying Indusal of Spain and Lavebras of Brazil. -
Shares in Greencore, the Anglo-Irish sandwich and convenience food producer, closed 3% higher on Wednesday after it completed its £439m rights issue to finance its acquisition of Peacock Foods, a US competitor.
-
ECM activity in Asia has slowed to a trickle in the week before Christmas, but investors still have something to chew on courtesy of two real estate investment trusts in southeast Asia.
-
Huarong International Financial Holdings is reaching out to shareholders for funds, with a rights issue targeting HK$658.4m ($84.8m).
-
Shares in Life Healthcare, one of South Africa’s leading private hospital operators, rose 1.5% on Tuesday after it said it would raise R10.7bn ($756m) in a rights issue to reduce its leverage after buying Alliance Medical Group, the UK provider of diagnostic imaging services.
-
Conditions are far from ideal for the launch of Banca Monte dei Paschi’s €5bn equity capital raising, but the subscription period began this morning, with the original bank syndicate but no underwriting commitment.
