Independent News & Media is to sell €40 million shares via a placement with new and existing institutional shareholders, the company said in a statement.
Under the terms of the offering, a proportion of shares will be conditionally placed subject to clawback by existing shareholders under open offer.
The statement said Davy is acting for INM on the transaction. INM shares are up 30 per cent in Dublin trading this morning. The €40m share sale...
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