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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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Swiss travel retailer Dufry wrapped up a Sfr810m ($900m) capital raise on Tuesday morning — completing the equity portion of the financing for an acquisition that will also be funded by convertible and straight debt. -
Finland’s shopping mall owner CityCon has completed its rights issue, with 97.36% of the offered shares taken up in the primary and secondary subscriptions.
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Indian film company Eros International launched a follow-on worth around $109m on July 7, offering a total of 7m shares to investors.
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Croatian fertiliser maker Petrokemija is set to raise Kn500m ($90m) that will help it modernise its plants.
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Bank of Cyprus is set to launch a capital raise ahead of the ECB’s stress tests — calling on shareholders, whose deposits were changed into shares last year, to help support the bank’s capital position.
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Construction firms Jaiprakash Associates and GMR Infrastructure took advantage of a buoyant Indian equities market by raising Rs15bn ($250m) each on July 3 via qualified institutional placements.
