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Capital News
As RWE announced ad hoc on 5 December, institutional investors were offered a total of 80.4 million shares through an accelerated placement. Of this, 52.3 million were issued as new ordinary shares. Thus, the number of preferred shares increased by ten percent. At the same time the utility sold five percent of its securities currently held in the form of own shares. Purely mathematically, the DAX group took in around 2.1 billion euros from its placement, at a subscription price of €26 per unit. RWE had announced in August it wanted to take in about 2.5 billion euros from the share sale.