EUROPE/MIDDLE EAST/AFRICA

摘要

Materials technology group umicore picked up €891.5m on Thursday night, the second largest accelerated trade so far this year in Europe, behind Bayer's €1.81bn selldown in Covestro in early January, and the largest accelerated capital increase to date. Following wall-crossing to shareholders and a couple of new investors on Thursday, books opened around the close for an offering of 22.4m shares, representing 10% of existing share capital. Proceeds will fund growth investments, particularly in cathode materials, and will provide more flexibility for acquisitions and partnerships in the clean mobility materials and recycling space.