Capital News
Deutsche Annington Immobilien has finalised its increase in capital with the right of option, for 2.25 billion Euros. Shareholders purchased 105.5 million new shares at 20.90 Euros each prior to the expiry date of June 30. Germany’s largest real estate group announced that the option right quota was 98.1 percent. The approximately2 million shares left unsold will be put on the market. 1.9 billion Euros have been earmarked for financing the takeover of Südewodi Patrizia Immobilien. The remainder will be used to refinance collateralised loans and pay for transaction costs. Deutsche Annington Immobilien’s announcement of the Südewo takeover was made on June 14 .
Lotto24: new equity for two shareholders
By means of an increase in capital excluding all option rights, Lotto24 AG accrued some 7.7 million Euros in revenue. The Prime Standard-listed company placed I 2,195,899 shares at 3.49 Euros each with two shareholders, Othello Vier Beteiligungs Gesellschaft and Jens Schumann. The placement price was 10 percent higher than the average trading price of the three days preceding the transaction. Lotto24 has announced that the new equity will be eligible for trading from October onwards within the Prime Standard-listing of the Frankfurt bourse. The net revenue is earmarked for funding commercial growth.
Halloren: a new major investor in chocolate
Germany’s oldest chocolate manufacturer, Halloren Schokoladenfabrik AG, has increased its share capital by a transaction worth some 4 million Euros for the company that has been Entry Standard-listed since 2007. The 577,084 shares placed at 6.80 Euros each were all fully subscribed by Charlie Investors S.a.r.l. which brings its holding in the east German chocolate factory to 26 percent.
ADO Properties: more real estate being traded
The stock exchange flotation of real estate concern ADO Properties AG took place at the end of July. A subsidiary of Israeli owned ADO Group it has a portfolio containing some 14,000 apartments in Berlin. Approximately 23 million shares both extant and new were placed in a second phase of the operation at an issue price of 20 Euros each. Of the revenue, 200 million Euros – corresponding to 10 million new shares – from an increase in capital, will go directly into the coffers of the Prime Standard-listed concern. A maximum of 260 million will go to the parent company that for now intends maintaining a minimum quota of 35 percent. The company has earmarked the revenue for expanding its Berlin real estate portfolio and to continue growing.