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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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NextEnergy Solar Fund, an alternative power investor, said on Thursday that it is to begin a placing programme that could see it issue up to £260m of new shares. -
Hibernia REIT, an Irish property investment firm, is set to raise around €300m to buy new properties through a firm placing and placing and open offer launched on Monday evening.
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Euro Disney, the company that owns French theme park Disneyland Paris, is set to launch a €1bn recapitalisation supported by the Walt Disney Company, the parent that could assume ownership of the whole company if the deal fails.
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Malaysia’s TH Heavy Engineering is looking to raise up to MR450m ($138.1m) from a rights issue, with timing for the deal still up in the air as the company waits for a good window to launch the trade.
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SGL Carbon, a german chemicals firm, is set to raise €267m through a rights issue that will allow it to reduce its debt.
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South African retailer Woolworths completed a 10bn ($937m) rights issue on Monday that will fund its purchase of an Australian peer.
