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Shipbuilder's shares fall 10% after capital raise
Italian shipbuilder is expanding capacity on strong defence demand
Deal priced at 1% premium to Monday's close
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Dutch engineering firm Royal Imtech said on Tuesday that it would cut jobs and launch a €600m rights issue, just over a year after it ran a similarly sized capital increase to rescue the company.
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Belgian PVC window maker Deceuninck is to raise €50m through a capital increase that will fund its purchase of a Turkish peer.
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India looks set to add as much as Rp180bn ($2.97bn) to its coffers after mandating five banks to arrange a 5% stake sale in the country’s second largest listed entity – Oil and Natural Gas Corporation (ONGC).
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London Stock Exchange launched a £938m rights issue on Friday that will fund its previously announced acquisition of index services firm Frank Russell Company. The deal came alongside the LSE's results, which showed surging profits on the back of record IPO volumes.
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Borussia Dortmund, the top flight German football team, is set to raise €114m through a rights issue that has already gained the support of the club’s three major sponsors.
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The volume of jumbo follow-on equity transactions has hit the highest level for the year to date since 2009.