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LONDON, Sept 10 (Reuters) - IAG will raise 2.741
billion euros through a fully underwritten, heavily discounted
capital increase, the owner of British Airways said on Thursday.
IAG said it would issue 2.97 billion new shares at 0.92
euros, representing a 36% discount to the theoretical ex-rights
price based on the closing price on Wednesday.
For each existing share of IAG, its holder is entitled to
one subscription right and 2 subscription rights are required to
subscribe for 3 new shares.
The equity raising, to which its biggest shareholder Qatar
Airways subscribed for its pro-rata entitlement, was announced
in July and approved by shareholders on September 8.
(Reporting by Sarah Young; editing by Jason Neely)
