Italcementi raises EUR500m capital

Italian cement maker Italcementi fully completed a capital increase worth EUR500m on Monday. Investors subscribed to 103.6m new shares within an issue approved by the board of directors on 6 March.

During the offer period, investors exercised rights for the subscription of 99.42 per cent of the new shares for EUR497m. Under a subscription agreement, Italmobiliare spent EUR225.1m on the transaction.