(Alliance News) - Portobello Spa announced that it has completed the capital increase through accelerated bookbuilding that was launched on Monday evening.

A total of 661,050 new ordinary shares were subscribed, and of the EUR6.0 million offered, EUR4.6 million of the aucap was subscribed, bringing the share capital to EUR1.0 million, divided into 5.3 million ordinary shares, for a free float of nearly 44 percent.

Portobello's stock closed Monday down 3.3 percent at EUR8.80 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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