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RR. Rolls-royce Holdings Plc

419.10
1.90 (0.46%)
Last Updated: 08:12:52
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rolls-royce Holdings Plc LSE:RR. London Ordinary Share GB00B63H8491 ORD SHS 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.90 0.46% 419.10 418.30 418.70 420.30 416.90 417.20 964,622 08:12:52
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Aircraft Engine,engine Parts 16.49B 2.41B 0.2884 14.47 34.89B

Kongsberg Confirms Plans to Raise NOK5 Billion For Rolls-Royce Deal

12/10/2018 7:57am

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By Dominic Chopping

 

Norwegian technology group Kongsberg Gruppen ASA (KOG.OS) confirmed plans on Friday to raise 5 billion Norwegian kroner ($608 million) via a fully underwritten rights issue to part finance its acquisition of Rolls-Royce Commercial Marine.

Kongsberg previously announced a deal with Rolls-Royce Holdings PLC (RR.LN) to buy its commercial marine business for a total of 500 million pounds ($661 million) as it looks to bolster its offering to the maritime industry.

Norway's government, which owns 50% of Kongsberg, received parliamentary consent earlier this week to participate in the rights issue.

The other half of the rights issue is underwritten by a syndicate consisting of DNB Markets and Danske Bank A/S (DANSKE.KO).

The rights issue is subject to shareholder approval at an extraordinary general meeting die to be held on November 2.

The subscription price for the new shares to be issued, the number of new shares and the amount of the share capital increase will be determined by the board prior to the EGM.

Arctic Securities AS, DNB and Danske Bank are acting as joint global coordinators.

 

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @domchopping @WSJNordics

 

(END) Dow Jones Newswires

October 12, 2018 02:42 ET (06:42 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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