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Frights issue

11 Mar 2020 By Ed Cropley

HSBC and UBS are underwriting the Austrian sensor maker’s 1.7 bln euro rights issue. Doing so amid a market meltdown sounds masochistic. But given the banks are owed 4.4 bln euros from AMS’ tortuous purchase of German group Osram, you can see why they’re taking the risk.

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