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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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Banco Popolare will open subscriptions on a long awaited €1.5bn rights issue on Monday, ahead of a slew of other banks also preparing deals before the European Banking Authority begins its stress tests.
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Globalworth, the UK-listed central European property firm, is looking to raise up to €200m from institutional investors to expand its portfolio.
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Copperbelt Energy Corp, a Zambian electricity company, raised ZK387.5m ($62.3m) in the second largest equity issue ever completed in the African country.
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Babcock International Group, the UK engineering support services company, has launched a £1.1bn rights issue to finance its acquisition of specialist helicopter firm Avincis. -
Banco Popolare will open subscriptions on a long awaited €1.5bn rights issue on Monday, ahead of a slew of other banks also preparing deals before the European Banking Authority begins its stress tests.
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Belgian real estate investment trust Ascencio has sold down the remaining portion of stock not divested during a public subscription in Belgian with an accelerated private placement on Wednesday, taking its total proceeds from the capital raise to €81.5m.
