Rexel (RXL) Raises ~€500M Equity at €34.75 to Fund GCG Deal

Rexel placed 14,388,490 new shares (c.4.6% pre-issue) at €34.75, raising ~€500M to partially fund the GCG acquisition. The price reflects a c.1.0% discount to the prior close.Material DetailsContext by AI AnalystThis is a mid-cycle financing step tied to a pending acquisition, following earlier dea…