Danish ro-ro group DFDS has banked DKK 1bn ($160m) from a share issue designed to fund its takeover of U.N. Ro-Ro.

It placed 2.63m shares privately at DKK 380 each, compared to a trading price of DKK 387.60 on Tuesday.

The deal was "significantly" over-subscribed by Danish and international professional and institutional investors, it said.

The cash will go towards the EUR 950m ($1.13bn)