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Mobile Network Group SA launches capital increase to finance acquisition


Wednesday, 5 Feb 2014 03:07am EST 

Mobile Network Group SA:Announces a capital increase by means of a private placement.Says 1.15 million shares will be issued at a price of 2 euros per share.Says the dilution resulting from the capital increase is 17.8 percent.Says the capital increase is intended to finance the acquisition of Madvertise Media (Germany) and Madvertise Italy, which should be completed by the end of Feb.Says Banque Delubac & Cie is acting as lead manager and bookrunner.