By Frances Ivens2018-08-02T08:12:00
Countrywide has revealed plans to raise £140m in a share placing to shore up its balance sheet.
The troubled estate agency group is looking to raise the money at 10p a share, which represents a large discount to the company’s closing price of 49.95p yesterday. In reaction, the group’s share price was down by over 50% after an hour of trading this morning.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud