Capital increase drags shares
18/11/2020 07:48
** Shares in Global Fashion Group GFG.DE fall 6% in early
Frankfurt trade after the online fashion retailer said it had
placed 16.5 million new shares from a cash capital increase
** The company said on Tuesday shares were placed at a price
of EUR 7.30 per share by accelerated bookbuilding urn:newsml:reuters.com:*:nASN000JGF
** The placement price represents a discount of 7% from the
stock's last close at EUR 7.85
** Stock seen at bottom of German smallcap index .SDAXI
((Linda.pasquini@thomsonreuters.com))