Article Tools

Lenzing AG: Capital Increase and Sale of Existing Shares

Published: May 30, 2011; 14:48 · (Vindobona)

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: © Lenzing

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…

This article includes a total of 309 words.

or Log In

Fast News Search