Capital News

Capital Measures im December

In the USA, Deutsche Post is setting up a so-called sponsored Level-1-American-Depositary-Receipt (ADR) program. Through this ADR program, Deutsche Post wishes to improve its relations with shareholders in the United States and offer still more US investors the possibility of taking a holding in the company and taking part in future growth. Under the symbol DPSGY, the ADRs will be traded as from now in the US on the over-the-counter (OTC) market. Each ADR corresponds to one share in the group. ADRs make it possible for investors to hold shares indirectly in a foreign concern.

K+S has successfully placed its capital increase, collecting gross proceeds from the issue amounting to €689 million from investors. The take-up rate for the new shares was 99.42%, stated the fertilizer and salt producer on 11 December in Kassel. The object is to bring the capital structure back into line following the multi-billion takeover of US salt maker Morton Salt and to pay back loans taken up for the purpose. The two biggest K+S shareholders - MCC/EuroChem and BASF – took their full part in the capital increase.

Rupert Murdoch, through his News Corp, has announced that he is subscribing to a capital increase at Sky Channel. News Corp will be buying up to 49 million shares. The capital increase will put 110 to 120 million euros into the MDAX company's empty pockets. Murdoch’s share will thereby rise from 39.496 to up to 45.4%.

United Internet announced it was withdrawing the 11,625,656 shares bought in buyback programmes. The registered capital will accordingly fall from €251,635,656 to €240 million.