TINC successfully completes its EUR 77.7 million rights issue
28 March 2018
Argo acted as issuer’s counsel to TINC in its second share capital increase with public offering of non-statutory preferential rights. The capital increase of EUR 77.7 million will allow TINC to finance its further growth in the A15 highway project, the Princess Beatrix Lock, its investments in off-shore wind farms and in care homes and will allow TINC to repay EUR 6 million of bank debt. A take up of 100% of the preferential rights by is testimony to the trust investors have shown in TINC’s strategy and its quality investment projects.