on Vossloh AG (isin : DE0007667107)
Vossloh AG Initiates Capital Increase for Sateba Acquisition
On November 12, 2024, Vossloh AG announced a capital increase via cash contributions, aiming to finance the acquisition of the Sateba Group. This increase will involve issuing up to 1,756,417 new shares to institutional investors through an accelerated bookbuilding process. Major shareholder KB Holding GmbH, owning 50.09% of Vossloh, will participate proportionally. COMMERZBANK and Deutsche Bank are coordinating this initiative.
The new shares are set to be traded on the Frankfurt and Dusseldorf Stock Exchanges starting November 18, 2024. This strategic move aligns with Vossloh's goal to complete the Sateba acquisition by spring 2025, pending fulfillment of all conditions.
Vossloh, a global leader in rail infrastructure, emphasizes quality and innovation. This capital increase reaffirms their commitment to sustainable growth and mobility solutions worldwide.
R. E.
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