Zegona Communications has announced a proposed placing to raise around €300 million towards its acquisition of Vodafone Spain for €5 billion.
The placing will comprise the issue of New Zegona Shares to institutional investors at the Offer Price of 150 pence per share by way of a non-pre-emptive placing. It will be conducted through an accelerated bookbuilding process which will be launched immediately following this announcement.
In addition to the placing, as previously announced, the company has raised gross proceeds of up to €900 million pursuant to the conditional subscription by Newco for New Zegona Shares at the Offer Price
Zegona also intends to raise gross proceeds of up to €8 million through a separate offering of New Zegona Shares at the offer Price via PrimaryBid.
