Capital News

Deutsche Euroshop has increased its capital against a cash contribution, at €23.00. In this connection shareholders were offered 5,736,822 new shares with indirect rights in an 8:1 ratio. The proceeds of the issue, €132 million, will be used to finance purchase of the Billsted Center in Hamburg and other shopping centres. At the €160 million Billstedt Center, up to €80 million are to be outside-financed for the long term. The subscription period for the new shares ended on 22 November. The number of shares issued goes up to 51,631,400.

As it presented its interim report, GILDEMEISTER announced two capital increases, in the course of which its Japanese cooperation partner Mori Seiki is to build up its holding in the machine-tool maker to some 20%. Depending on the capital-market environment, the capital is to be increased in two stages in the first half of 2011. The planned increase in the holding is currently undergoing examination by antitrust authorities. The Bielefeld company expect that this examination process will take some four months, and expect no obstacles from it. In 2009 both companies embarked on far-reaching cooperation.

Pfeiffer Vacuum Technology gathered in €112.5 million from investors in a few hours, thus already largely financing its most recent takeover. 897,059 shares from a capital increase were rapidly sold and the vacuum-pump maker had to accept only a slight markdown. The securities were placed with institutional investors at €82.50, stated the firm on 18 November. In the over thrice oversubscribed issue, Pfeiffer placed a further 456,000 shares from its own holding at an average price of €84.43, collecting a further €38 million.