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Saturday, 14th December 2019
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Pricing good for target while acquirer gains strategic investment Back  
Iberdrola achieved an important strategic investment when it invested $55 million by way of placing of new ordinary shares for a 22.6 per cent shareholding in Petroceltic. While for Petroceltic the pricing of the equity placing was done at a 41 per cent premium to its previous day closing share price in this year’s Equity Linked Deal of the Year
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