-+ 0.00%
-+ 0.00%
-+ 0.00%

Rexel Raises EUR500 Million from Share Sale

MT Newswires·09/29/2026 02:24:29
Listen to the news
02:24 AM EDT, 09/29/2026 (MT Newswires) -- Rexel (RXL.PA) raised 500 million euros from the sale of 14,388,490 new shares at 34.75 euros per share. The French electrical products and services distributor reiterated on Tuesday that net proceeds from the share sale will be used to partially finance its acquisition of US wire, cable, and connectivity products provider GCG. Settlement of the share sale is expected by Thursday.