Capital News

ElringKlinger has issued 5,759,990 new shares ex rights. The automotive supplier had announced the capital increase in order to secure fresh resources for additional purchases and growth. It should make the Dettingen company's financing more independent of free cash flow. As was announced after the close of Xetra trading, the securities were sold in an accelerated book-building process. The capital increase from the placement amounted to €124 million. The proceeds are to be used inter alia to finance purchase of the Freudenberg group's business in static metal seals.

SMARTRAC has carried out a capital increase of some €26 million. The proceeds of the issue are intended to increase the security technology firm’s financial flexibility for further growth. One Equity Partners subscribed 10% of the issue at €17.50 each in cash, stated the wireless chip maker. The TecDax-listed company's registered capital was raised ex rights from €7,424,999.50 to €8,167,498.50. The issue is part of the basis agreement on the takeover of SMARTRAC concluded on 13 August.