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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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Greencore Group, the Irish convenience food supplier, has announced plans for a £439m rights issue to partly finance its takeover of Peacock Foods, a US competitor, alongside its preliminary full year results on Monday. -
Steve Lam, a Hong Kong-based director in Citi’s capital markets origination team, has left, according to sources close to the matter.
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Metals producer Hindalco Industries, a unit of Indian conglomerate Aditya Birla Group, is planning to raise Rp50bn ($738.0m) in fresh funds, according to a stock exchange filing.
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Hindalco Industries, the flagship metals arm of Indian conglomerate Aditya Birla Group, said it is considering an equity raise that will be the company’s first in seven years, as its shares trade near highs not seen since August 2014.
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Shares in Phoenix Group Holdings, the UK buyer of closed life insurance books, have gained 1.9% since the company announced on Wednesday the successful completion of its £735m rights offer to finance its takeover of Abbey Life.
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Shares in Tobii, the Swedish eye-tracking technology company that floated in April 2015, rose 5% on Monday after it announced plans to raise Skr450m (€45m) in a rights issue, saying the consumer business opportunities open to it had grown faster than it expected.
