Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as joint book-runner and underwriter on the rights issue for RPC Group Plc ("RPC") raising £200 million.
RPC, a major international supplier of plastic packaging to the food and non-food, consumer and industrial markets, will use the proceeds to part fund its proposed acquisition of Promens Group AS ("Promens") for a consideration of €386 million (£307 million) on a cash-free, debt-free basis, subject to customary adjustments.