Speedy to raise €115 with rights issue

Speedy Hire in the UK has announced a fully underwritten rights issue to raise approximately £100 million (€115 million) through the issuing of 458.6 million shares at £0.23 (€0.26), equivalent to an 86% discount on the £1.76 (€2.02) closing price on 27 May.

Speedy said the funds would be used…