Aryzta to pay €50m fees as part of emergency cash call

Aryzta, the Irish-Swiss bakery company, will pay out about €50 million in fees as part of its emergency cash call on investors.

The Zurich-based company said on Friday that it would receive a total of €739.6 million from its €790 million rights issue, which will get under way in the coming days.

The bulk of the cost of the rights issue will go to the consortium of Irish and international banks to work ...