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UK software firm Aveva to raise $3.73 billion to fund OSIsoft deal

Nov 6 (Reuters) - British industrial software provider Aveva Group said on Friday it intends to raise 2.84 billion pounds ($3.73 billion) through a rights issue to partly fund the acquisition of SoftBank-backed peer OSIsoft.

Aveva, which is buying the company for an enterprise value of $5 billion, said the rights issue will offer 125.7 million shares at a price of 22.55 pounds per share. ($1 = 0.7621 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)

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