RCS MediaGroup sees cash call completed by end-July

Newswire

MILAN, April 29 (Reuters) - Italy's RCS MediaGroup will complete a planned rights issue of up to 500 million euros ($650 million) by the end of July, it said on Monday, as more banks stepped forward to guarantee the badly-needed fundraising. This is the first time the publisher of Italy's influential newspaper Corriere della Sera and Spain's El Mundo has given detailed timing for the recapitalisation, which it needs to keep its business running. Shareholders ...

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