Rheinmetall today issued 3,959,850 new ordinary bearer shares, raising c. €230m. The new shares will carry full dividend rights as of 1 January 2015. The shares were offered exclusively to institutional investors by means of a private placement using an accelerated bookbuilding process. Rheinmetall suggests that the “net proceeds from the capital increase will be used to finance Rheinmetall's growth strategy in the defence and automotive sectors, to strengthen the financial positio
12 Nov 2015
Raising equity to fund growth
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Raising equity to fund growth
Rheinmetall AG (RHM:WBO) | 0 0 0.9% | Mkt Cap: 4,737m
- Published:
12 Nov 2015 -
Author:
Thomas Picherit -
Pages:
2
Rheinmetall today issued 3,959,850 new ordinary bearer shares, raising c. €230m. The new shares will carry full dividend rights as of 1 January 2015. The shares were offered exclusively to institutional investors by means of a private placement using an accelerated bookbuilding process. Rheinmetall suggests that the “net proceeds from the capital increase will be used to finance Rheinmetall's growth strategy in the defence and automotive sectors, to strengthen the financial positio