Capital News
Deutsche Wohnen is launching a takeover bid for Conwert of Vienna. Germany’s second largest real estate company is offering 11.50 Euros in cash for every Conwert share; on February 15, Deutsche Wohnen announced that it had already bought up almost 26 percent of them. The transaction, counting convertible bonds, is worth 1.2 thousand million Euros. Deutsche Wohnen CFO, Andreas Segal, expects to publish the bid around mid-March. To begin with, the transaction will be funded by a bridging loan of some 900 million Euros that is expected to be replaced by an increase in capital as the year goes on. By December 31, Deutsche Wohnen’s indebtedness should have returned to the initial target of some 50 percent. Deutsche Wohnen GSW recently raised 1.7 thousand million Euros by selling its shares.
TLG: fast track career in the Bourse
As soon as it arrived on the stock exchange floor in February, TLG Immobilien AG was unexpectedly ushered into the German Bourse SDax listing. The reason was real estate Deutsche Annington’s takeover of Gagfah, which till then had been MDax- listed. Gagfah’s MDax slot went to technical service provider Bertrand and the vacancy in SDax turned out to the advantage of TLG Immobilien who took it up just a few short months after its IPO of October 2014.
Heliocentris: Success breeds transparency
After the record year for sales in 2014 – the figure rumoured is 19 million Euros, an increase of 280 percent – the hybrid energy provider Heliocentris Energy Solutions AG, has announced its shift to greater transparency on the Frankfurt stock exchange. Presently listed in the Entry Standards, the company attributes its growth in turnover above all to the increase in cell phone users and to the first orders placed by OEM clients. The company is hoping to be moved to Prime Standard listing this year which is why it is complying with IFR standards in its 2014 year-end report.
Twintec: investing in the future
Twintec AG, the manufacturer of anti-soot particle filters concluded an increase in capital at the beginning of February raising almost 2.2 million Euros. The Entry Standard listed company placed the 2,195,500 new shares at 1 Euro each with institutional and private investors in Germany and Switzerland. The shareholder’s right of option was excluded and the free float amounted to 21 percent. This fresh money will be used by Twintec to ensure growth and investment in developing new products and exhaust gas treatment for the automotive industry.