French company Technicolor launches 330 mln euros rights issue

Vantiva SA

05/08/2020 07:41

PARIS, Aug 5 (Reuters) - French digital production and media
company Technicolor  TCH.PA  launched a rights issue on
Wednesday worth around 330 million euros ($389.8 million) to
strengthen its financial position.
    Technicolor said it would issue 43 new shares for every 6
existing shares, at a price of 2.98 euros per share.
    ($1 = 0.8467 euros)

 (Reporting by Sudip Kar-Gupta, editing by Louise Heavens)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))