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Broadband

BSkyB raises GBP 1.36 bln in share issue

Monday 28 July 2014 | 13:55 CET | News
BSkyB has raised GBP 1.36 billion in an accelerated sale of new shares. It sold 156.1 million new shares for 870 pence each, equal to 9.99 percent of its outstanding shares. 21st Century Fox, the largest shareholder with 39 percent in BSkyB, subscribed for 61.1 million shares so as to maintain its existing percentage shareholding in the company. The proceeds of the sale will help finance the company's acquisition of Sky Italia and Sky Deutschland. 

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Categories: Broadcast & Satellite / Internet
Companies: BSkyB
Countries: United Kingdom
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