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mybet raises funds for German offering but misses target

5th November 2014 7:38 am GMT

German gaming operator mybet has raised €1.86m through the issuing of new shares, just over half the amount it had originally targeted to pursue opportunities in the German sports betting market.

mybet’s board carried out a capital increase on the basis of a rights offering, placing 1,327,551 shares with its shareholders. As a result the capital stock of mybet Holding SE will rise from its current rate of €24.26m to €25.58m, raising gross proceeds of €1.86m.

The [...]

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