October 15, 2019 / 1:24 PM / 2 months ago

Nordic sports retailer XXL warns on profit, seeks cash from owners

Oct 15 (Reuters) - XXL, the Nordic region’s largest sports retailer, warned on Tuesday of weaker than expected third-quarter earnings and said it would raise cash from owners to shore up its finances, sending its shares tumbling more than 20%.

Oslo-listed XXL aims to raise 500 million Norwegian crowns ($54.69 million) from selling new shares at a price of 15 Norwegian crowns each, a 31.5% discount to Monday’s closing price. ($1 = 9.1424 Norwegian crowns) (Reporting by Tommy Lund and Izabela Niemiec, editing by Terje Solsvik)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below