DNB: GN has million-dollar wiggle room in rights issue
Although the Norwegian financial services group thinks less than the announced full DKK 7bn amount would suffice, it does not believe GN leadership will change its plans to raise.
by marketwire, translated by daniel pedersen
Unless GN’s organic growth remains in the negative in the coming year, a rights issue of around DKK 5bn should be enough to bring gearing down to an acceptable level, says Norwegian financial services group DNB.
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