Business - n.a.

Sanochemia: Capital Increase Disappointing

Published: April 18, 2011; 11:09 · (Vindobona)

The Austrian pharmaceutical company could not meet its own expectations regarding the capital increase. A strategic investor bailed out.

Sanochemia: Capital Increase Disappointing / Picture: © Flickr

The Vienna-based Sanochemia Pharmazeutika AG concluded the capital increase, which has been resolved by March 31. Sanochemia´s proceeds amount to € 4.48m - 1.4m shares were issued at € 3.20. However, the initial plan was to increase the company´s capital by € 16.25m.

Thus, the result fell short of Sanochemia´s expectations. Suntura Ltd, which ensured to subscribe for…

This article includes a total of 135 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Sanochemia: Capital Increase Disappointing

The Austrian pharmaceutical company could not meet its own expectations regarding the capital increase. A strategic investor bailed out.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.