Italy: Garofalo raises €41.8m in placement

Villa Garda, Verona

Italy’s Garofalo Health Care has raised €41.8m (US$50.9m) in an accelerated private placement share sale. It sold 8.2 million shares or 10% of its capital at €5.10 per share. This was a 9.3% discount to the previous day’s close. There is a 180-day lockup on the shares. The share sale also included 300,000 shares from…

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