ACTIONS CORNER

An extra swift increase in share capital has yielded 882.3 million Euros for ThyssenKrupp. A total of 51,448,903 shares are said to have been sold at 17.15 Euros to German and international institutional investors. The launch price of the new shares was 2.8% lower than the final exchange value of December 2, 2013, namely 17.635 Euros. These fresh funds are earmarked to lower the company’s debt burden, currently standing at five thousand million Euros. This influx of capital raises the quota of equity capital from 7.1 to 9.4 percent and, as  result, the powerful Krupp-Stifftung, the company foundation no longer holds sufficient stock to constitute the blocking minority requirement of 25 percent of shares. The largest single shareholder took no part in the initiative letting its quota fall to 22.99 percent.