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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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Access Bank Nigeria is set to ask shareholders for permission to raise as much as N68bn ($414m) at a meeting next month. -
South African gold miner AngloGold Ashanti has pulled a plan that would have seen it launch a $2bn capital raise alongside a wholesale restructuring after investors balked at the plan.
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Global mining giant AngloGold Ashanti has laid out a comprehensive reorganisation plan that that will include a $2.1bn capital raise to help it deal with the damaging effects of the depressed price of gold.
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Belgian mining and metals firm Nyrstar launched a €250m rights issue on Thursday that will help it refinance and upgrade its facilities, along with the proceeds from a bond sold earlier this week.
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Global mining giant AngloGold Ashanti has laid out a comprehensive reorganisation that that will include a $2.1bn capital raise to help it deal with the damaging effects of the plunging price of gold.
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Telecommunications firm Telefónica Deutschland launched a €3.62bn rights issue on Tuesday that will fund its purchase of peer E-Plus from KPN, a deal announced last summer.
