RenoNorden rises 6.4% after launching Nkr350m rights offer

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RenoNorden rises 6.4% after launching Nkr350m rights offer

Aidan Gregory
January 30, 2017 05:00 PM
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%.

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Topics

NordicsNorwayEquityEuropeFollow-ons and Rights issuesEMEA
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Aidan Gregory
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