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Quindell raises £200m and plans name change

Quindell logo

Quindell Portfolio has raised £200m through the placing of 1 315 789 500 new ordinary shares at a price of 16 pence per share.

The firm said it intends to use the proceeds "to fund the working capital requirements of new contracts, which are expected to be entered into in the coming months and to enable the group to

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