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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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German robotics firm Kuka is set to raise funds through a sale of new shares to finance its acquisition of a Swiss logistics firm.
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Arcadis, the UK engineering consultancy, has raised €174m by selling new ordinary shares in a rights offering. -
Mongolian Mining Corp is preparing to tap the ECM market via a rights issue of HK$1.567bn ($202m), as the Hong Kong-listed group looks to shore up its liquidity while ensuring that its existing shareholders are not diluted.
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French cable firm Numericable on Wednesday set terms and opened the subscription period for a €4.7bn rights issue, in what constitutes the final tranche of the financing package for one of the largest M&A deals of the year so far — the takeover of mobile phone operator SFR.
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French cable firm Numericable opened on Wednesday the subscription period for a €4.7bn rights issue, in what constitutes the final tranche of the financing package for one of the largest M&A deals of the year so far — the takeover of mobile phone operator SFR.
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French hotel investment firm Foncière des Murs kicked off a €200m capital raise on Wednesday, with shareholders committing to cover the whole deal.
