February 28, 2017 / 6:25 AM / 5 months ago

BRIEF-Nel: Private placement significantly oversubscribed

1 Min Read

Feb 28 (Reuters) - Nel ASA:

* Says private placement was successfully completed

* Private placement took place through accelerated bookbuilding process

* Has raised 176.7 million Norwegian crowns ($21.13 million) in gross proceeds through private placement of 65.0 million new shares at price per share of 2.72 crowns Source text for Eikon: Further company coverage: ($1 = 8.3617 Norwegian crowns) (Gdynia Newsroom)

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