N.Renkaat share issue over 2.5 times oversubscribed

Newswire

HELSINKI, Feb 17 (Reuters) - Tyre maker Nokian Renkaat's share issue was more than 2.5-times oversubscribed, with the subscription price set at 122 euros ($158.9), the Finnish firm said on Thursday. Nokian said some 87 percent of the 1.07 million shares on offer will go to international institutions. It added the subscription period would run from Feb. 17 to March 18. The new shares correspond to about 9.9 percent of shares and votes in the firm prior to the issue, made to help the ...

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