May 19, 2020 / 6:02 AM / 11 days ago

French group Eurofins raises 535 mln euros to help build coronavirus test capacity

PARIS, May 19 (Reuters) - French diagnostics company Eurofins has raised 535 million euros ($583.7 million) via a new share issue to help build up its COVID-19 testing capacities, the company said on Tuesday.

Eurofins said it had issued 1 million new shares at a price of 535 euros per share, representing a discount of 7.2% to its closing price of 576.80 euros on May 18.

Investment banks Berenberg and Credit Suisse advised Eurofins on the new share issue. ($1=0.9166 euros) (Reporting by Sudip Kar-Gupta; Editing by Clarence Fernandez)

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