Article Tools

OMV Announces Launch of Rights Issue

Published: May 16, 2011; 21:02 · (Vindobona)

The Austrian oil and gas group issues up to 27,272,727 new shares. Proceeds will be used for the refinancing of the acquisition of a major stake in Petrol Ofisi.

OMV Announces Launch of Rights Issue / Picture: © Vindobona.org

The Executive Board of OMV, with the Supervisory Board´s approval, has decided to issue up to 27,272,727 new shares, representing 9.09% of the existing share capital. BofA Merrill Lynch, Barclays Capital, Deutsche Bank, J.P. Morgan and UniCredit act as Joint Global Coordinators and Joint Bookrunners in the capital increase.

The subscription ratio is 1:11, which means that…

This article includes a total of 272 words.

or Log In

Fast News Search
Read More