Segro unveils EUR 562m discounted rights issue

By A staff reporter 2009-03-05T00:00:00

Segro's shares rose sharply on Wednesday after the firm unveiled plans for a 12-1 fully underwritten rights issue to raise £500.6 mln (EUR 562 mln). The UK-based real estate investment trust (REIT) said the net proceeds of the rights issue would be used to reduce net debt.

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