ECM loses Capsugel IPO but gets Sfr3bn Lonza rights issue

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ECM loses Capsugel IPO but gets Sfr3bn Lonza rights issue

Capsugel capsule 230x150

Another piece of next year’s equity capital markets issuance puzzle was turned over today, when Lonza, the Swiss pharmaceutical and chemical company, announced a Sfr3.3bn rights issue to pay for the acquisition of Capsugel from KKR.

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