trending Market Intelligence /marketintelligence/en/news-insights/trending/Lnm54Z2zr-3tYLpZYpzQ1Q2 content esgSubNav
In This List

Ramsay Générale begins rights issue to refinance acquisition of Capio

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Ramsay Générale begins rights issue to refinance acquisition of Capio

Ramsay Générale de Santé SA began a rights issue as part of refinancing of its acquisition of Sweden's Capio AB.

The French hospital operator is selling 37,978,547 new shares for about €625.1 million.

Shareholders of Ramsay Générale will have the right to buy 1 new share of the company for every 2 ordinary shares held.

The new shares will have a subscription price of 16.46 each. The subscription period will be from March 27 to April 5.

Rights to acquire new shares may be traded on Euronext Paris from March 25 to April 3.

Ramsay Générale parent Ramsay Health Care Ltd. and the unit's other major shareholder Prévoyance Dialogue du Crédit Agricole committed to buy at least €550 million of the new shares.

Sydney-based Ramsay will be issued new shares amounting to 318.1 million, about 50.88% of the rights issue.

In November 2018, Ramsay Générale said it completed the public offer for Capio, which offers medical, surgical and psychiatric healthcare services.