Sanochemia: Capital Increase Disappointing

Business › n.a. ♦ 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: © Vindobona.org

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…

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