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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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Italy’s Banca Monte dei Paschi di Siena will on Monday launch a long-awaited rights issue to close a capital shortfall identified by European banking regulators last October. -
Banca Monte dei Paschi di Siena is set to launch its long-awaited rights issue, for up to €3bn, later this month, after the European Central Bank gave approval for the deal on Wednesday.
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Curro, the Johannesburg-listed operator of private schools, has completed a R740m ($62m) rights issue.
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Indonesia’s tumbling equity market has claimed its first victim in Solusi Tunas Pratama (STP), which was forced to drop its Rph3.91tr ($302.24m) share sale despite attracting decent interest from investors.
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Swiss Prime Site, Switzerland's largest listed commercial property company, this week launched a Sfr424m ($456m) rights issue to support its growth plans.
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Hong Kong listed Capital Environment Holdings is seeking shareholder approval later in the month for a $271m rights issue that will see it double its share capital.
