Book for VW share issue set to close today-sources

Newswire

FRANKFURT, March 25 (Reuters) - The order book for carmaker Volkswagen's jumbo rights issue is set to close later on Thursday, two sources familiar with the transaction told Reuters. Volkswagen on Tuesday launched Germany's biggest ever rights issue, seeking to raise around 4 billion euros ($5.4 billion) to finance acquisitions and defend its credit ratings. [ID:nLDE62M19X] Europe's largest carmaker has said it expects to announce on Friday the offer price, subscription ratio and the ...

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