WDP shares fall after equity raise at discount
BUZZ-WDP shares fall after equity raise at discount ** Shares in WDP WDPP.BR fall around 3% after the Belgian warehouse firm raised €400 million ($454 million) in an accelerated bookbuilding offering at €19.40 per share
** The offer represents a 4.7% discount to its last pre-announcement share price
** The offering was 5.4 times oversubscribed, said broker Degroof Petercam
** A bookrunner said on Tuesday after the launch that demand exceeded deal size and investors bidding below €19.40 per share were at risk of getting no shares allocated
** Proceeds of the offering will fund €265 million of newly identified investments across Germany, Italy, Benelux and Romania, as well as €160 million of land positions ahead of its planned merger with French peer Argan ARGAN.PA
($1 = 0.8811 euros)
(Reporting by Lucie Barbier in Gdansk)