Carpetright launches £60m share placing as part of rescue package

Carpetright retail park

Retailer Carpetright has begun a fundraising of £60m as part of a rescue package which also proposes the closure of 92 stores.

Shares in the group rose 11% in early trading after it set out the details of the fundraising, which will see 232,463,221 new ordinary shares issued at a price of 28p per share, a 15% discount to the latest closing price.

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