RenoNorden rises 6.4% after launching Nkr350m rights offer

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

RenoNorden rises 6.4% after launching Nkr350m rights offer

Oslo_Norway_AP_230x150
A view of the port of Oslo, Norway, 08 March 2016. Over 640,000 people live in the Norwegian capital of Norway, making it by far the largest city in the country. Photo by: Hendrik Schmidt/picture-alliance/dpa/AP Images | Hendrik Schmidt/Hendrik Schmidt/picture-alliance/dpa/AP Images

RenoNorden, the struggling Norwegian waste management company, on Monday launched a highly dilutive rights issue to avoid breaking its debt covenants after losses in 2016, but investors appeared to welcome the news, sending the shares up 6.4%.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article