FACTBOX-Rights issues multiply in effort to cut debt
May 26 (Reuters) - Danone (DANO.PA) on Tuesday unveiled details of a planned $4.2 billion rights issue, becoming the latest European group to look to investors for fresh cash to cut debts. [ID:nLQ661838]
Here are some facts about other major capital increases that are taking place or took place in recent months:
PINIFARINA SPA (PNNI.MI)
* The Italian car designer is to launch a rights issue for up to 70 million euros ($96 million). [ID:nLM92826]
MECOM PLC (MEC.L)
* The British newspaper group said last week it was aiming to raise 141.5 million pounds ($223 million) through a fully-underwritten rights issue. [ID:nLM126904]
GREAT PORTLAND ESTATES PLC (GPOR.L)
* The property company last week announced a 175 million pound rights issue at 133 pence or a 53.4 percent discount to previous day's closing price. It would raise 166 million pounds net of expenses. [ID:nWLA4571]
SHAFTESBURY PLC (SHB.L)
* The retail property group is seeking 149.1 million pounds via a 2-for-3 rights issue to fund development of a new shopping and leisure hub in central London. It plans to sell about 90.3 million shares at 175 pence each, a discount of 53.1 percent to the closing price on May 19. [ID:nLK133409]
SHANKS GROUP PLC (SKS.L)
* The British waste management firm announced last week a fully underwritten 71 million pounds ($112 million) rights issue to reduce its debt burden, on the basis of two new shares for every three existing at 45 pence a share, just over half Wednesday's closing price of 91.5 pence. [ID:nLL617062]


