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ART — Arteche Lantegi Elkartea SA News Story

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Arteche falls after discounted shares sale

BUZZ-Arteche falls after discounted shares sale

** Shares in Arteche Lantegi Elkartea ARTC.MC fall 7.4% following the Spanish electrical equipment manufacturer's discounted shares sale

** The company completes a €100 million ($113.52 million) offering via accelerated bookbuilding at €33 per share, a 9.59% discount to Wednesday's closing price

** Shares, on track for their worst day in 8 months, reduce their YTD gains to 49.56% YTD​

($1 = 0.8809 euros)


(Reporting by Joao Manuel Mauricio)

((JoaoManuel.VicenteMauricio@thomsonreuters.com))

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