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Lenzing AG: Capital Increase and Sale of Existing Shares
The Austrian fiber manufacturer announced a capital market transaction which will increase free float from 10% to 33-35%.
Lenzing AG: Capital Increase and Sale of Existing Shares / Picture: © Vindobona.org
Lenzing AG announced their decision to conduct an offering of new and existing shares in a planned “Re-IPO”. This “Re-IPO” comprises an offering of new shares from a capital increase of Lenzing with subscription rights and the offering of existing shares by B & C, the majority shareholder.
The company will publicly offer 825,000 new shares in the rights offering at a…
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