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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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UK engineering firm Costain Group hopes to raise around £75.1m through the sale of almost 33.8m new ordinary shares.
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British insurer RSA, which took on Stephen Hester as its chief executive earlier in the month, launched a £775m rights issue on Thursday as part of a plan to fix its weak performance and capital position. -
Ascencio, the Belgian real estate investment trust, is set to launch a share sale to raise between €80m and €85m, with some members of the owning Mestdagh family looking to divest part of their stockholdings in the transaction.
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MAS Real Estate, the Luxembourg and South Africa-listed British firm has increased the size of a capital raise in South African rand to R2.740bn ($253.1m) after receiving strong interest from existing shareholders and new applicants.
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UK-based RSA Insurance could launch an up to £800m rights issue as soon as this week, as it counts the cost of flooding claims in the UK and accounting irregularities in its Irish subsidiary.
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Malaysia Airports Holdings (MAH) is expected to conduct a private placement of new shares worth 10% of its existing share capital in early March, according to a banker close to the deal.
