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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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The foundation that owns Banca Carige sold a smaller than expected, deeply discounted stake in the Italian lender on Tuesday night. The deal added to bankers' fears that investors could become fatigued ahead of capital raises for Carige and peer Banca Monte dei Paschi di Siena, next month.
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Liberbank completed the first part of a two pronged capital raise on Thursday, allowing its major shareholders to take part in an upcoming rights issue. -
French investment firm Salvepar launched its second capital raise in a year on Wednesday, with the investors it found in the first deal committing to support its new one.
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The foundation that owns Banca Carige sold a smaller than expected, deeply discounted stake in the Italian lender on Tuesday night. The deal added to bankers' fears that investors could become fatigued ahead of capital raises for Carige and peer Banca Monte dei Paschi di Siena, next month.
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Nigeria and West Africa focused oil and gas firm Lekoil completed a capital raise on Wednesday that will part fund its purchase of a new oil field.
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British manufacturing firm Cobham raised £180m through a capital raise on Tuesday morning that will partly fund an acquisition.
