Independent News & Media has announced a €43 million capital raising to complete the restructuring program it has agreed with its lenders.
Shareholders Denis O’Brien and Dermot Desmond have committed to participate in respect of an aggregate amount of €29.6 million. O’Briens stake will remain at €29.9 per cent, while Desmond’s will increase to 15 per cent from 6.4 per cent.
The company said in a statement that €30.2 million will...
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