Brief: Solocal Appoints Deutsche Bank, Louis Capital Markets To Execute Rights Issue

Solocal SE

27/08/2020 06:54

Aug 27 (Reuters) - SOLOCAL GROUP SA  LOCAL.PA :
    * ANNOUNCED ON WEDNESDAY THE APPOINTMENT OF TWO BANKS TO
EXECUTE
RIGHTS ISSUE
    * IN JULY, THE COMPANY APPROVED ITS FINANCIAL STRUCTURE
STRENGTHENING PLAN WHICH RELIES ON A EUR 347 MILLION CAPITAL
INCREASE 
    * SUBSEQUENTLY, THE CAPITAL INCREASE INCLUDES A EUR 329.5
MLN TO
EUR 336 MLN RIGHTS ISSUE
DEUTSCHE BANK HAS BEEN APPOINTED AS SOLE GLOBAL
COORDINATOR AND JOINT BOOKRUNNER ON THE RIGHTS ISSUE
    * LOUIS CAPITAL MARKETS HAS BEEN APPOINTED AS JOINT
BOOKRUNNER AND
LEAD MANAGER ON THE RIGHTS ISSUE

    
 Source text: https://bit.ly/34P5MxJ
 Further company coverage:  LOCAL.PA  
   


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