Austrian oil and gas group OMV has raised €725 million through a rights issue, Reuters reports. The company, which raised its share capital by around 9%, sold €27.3 million new shares at €27.50 each. BofA Merrill Lynch, Barclays Capital, Deutsche Bank, JP Morgan and UniCredit served as the joint global coordinators and bookrunners for the capital increase. OMV’s major shareholders, OeIAG and Abu Dhabi’s International Petroleum Investment, retained their 31.5% and 20% stakes, respectively.
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