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Western Europe - Tiscali raises capital hike to up to EUR 220 mln.
(From Telecompaper Europe)
ISP Tiscali's shareholders have empowered its board of directors to execute a capital increase for a maximum of EUR 220 million by 31 December 2008. This will increase the maximum amount of EUR 200 million originally proposed by the board of directors. The capital increase may be carried out in one or more tranches through the issuance of ordinary shares to be offered in pre-emption to shareholders and ranking pari passu with the currently traded ones. The capital increase could alternatively be used to service, in whole or in part, a convertible loan through the issuance of bonds convertible in ordinary share of the ...
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