A Nkr2bn (€252m) equity issue from Kvaerner was oversubscribed after only a day, despite the turbulent month that the troubled Norwegian engineering firm has suffered.
Carnegie and Enskilda managed to place the shares, most of which will be sold into Norway, in 24 hours. A banker close to Kvaerner said he was "a bit surprised". He added: "I wasn't sure the market had recovered to the extent that people wanted to take that sort of risk." Another explained: "It's seen as a turnaround story."
