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BRIEF-Ivanhoé Cambridge launches sale of up to 12.7 mln Gecina preferential subscription rights

Published 2017-07-18, 12:10 p/m
© Reuters.  BRIEF-Ivanhoé Cambridge launches sale of up to 12.7 mln Gecina preferential subscription rights
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July 18 (Reuters) - Ivanhoé Cambridge:

* Launches sale of up to 12.65 million Gecina preferential subscription rights

* Launch of sale of Gecina preferential subscription rights by way of accelerated bookbuilt offering to institutional investors

* To sell significant part of preferential subscription rights, to use net proceeds of sale to subscribe for new shares in capital increase of Gecina

* Following Eurosic acquisition, rights offering, bookbuilt offering, co will remain largest shareholder in Gecina with stake of 20.4 pct

* Goldman Sachs (NYSE:GS) International acting as sole global coordinator, joint bookrunner

* Deutsche Bank (DE:DBKGn), Morgan Stanley (NYSE:MS) acting as joint bookrunners on placing

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