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UK's AO World to raise about $48 mln via placing, primarybid offer

July 6 (Reuters) - British online electricals retailer AO World AO.L said on Wednesday it intends to raise about 40 million pounds ($47.7 million) through a placing and a primarybid offer. AO World said it would conduct the placing of new ordinary shares of 0.25 pence each at a price of 43 pence per share. ($1 = 0.8390 pounds) (Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh.V) ((abyjose.koilparambil@thomsonreuters.com; +919986528692)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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