BGN Entrepreneur

Italy’s largest bank by assets–UniCredit, which operations in 22 countries, has placed almost the entirety of its rights issue of €7.5bn. This has provided us with another sign of improved investor sentiment towards Italy as well as the eurozone.
As one of Europe’s largest bank, UniCredit had one of the more rocky starts to a rights [...]

Banks in Germany has dragged European equity indices lower as Deutsche Bank confirmed its plans to raise fresh capital ahead of the Basel Committee on Banking Supervision this week.
The traders in the field are worried that the €9 billion capital raising of Deutsche Bank will set a trend across the nations, with a lot of [...]

The mining group—Rio Tinto, has scrapped a controversial $19.5 million deal with China and is preparing a rights issue that could raise as much as $15 billion.
In a dramatic twist to Rio’s attempts to cut its $39 billion debt burden, the miner bowed to shareholders pressure and waled away from its deal with China’s state-owned [...]

As the credit crisis has unfolded, the newspaper publisher—Mecom, which was founded by the former Mirror Group chief executive—David Montgomery, has had to sell to reduce its debts.
The company tapped shareholders for £141.5 million. The cash call came three days after Mecom, whose 300 European titles included Berliner Zeitung until its sale in March, admitted [...]

Investors ready to take on increased risk aimid fears they might miss a bull run in equities embraced two more cash calls, pushing the total value of UK share offerings to a record of £18.8 billion.
Businesses are rushing to capitalise on the improving sentiment towards rights issues among investors, who have been encouraged by the [...]