Capital News

Rhön-Klinikum is launching a second share buy back in order to distribute another instalment of the revenue from the sale of clinics to Fresenius, and to consolidate the share value that had lost some of its stability recently. The company paid 25.54 Euros for each of the 7,108,824 shares (including the accessory expenses charged for the transaction). The company aims to collect up to 9.76 percent of the share capital by October 8. Rhön expects to incorporate the recovered stock by lowering its share capital, and, should exploitation be full, 181.6 million Euros will be channelled back to shareholders. Apparently, an extension to the deadline is not to be ruled out. In 2014 Rhön was able to distribute most of the three billion revenue from the sale of 40 clinics to Fresenius, by share buy back.

An increase in capital has yielded RIB Software 6.5 million Euros. On September 4, the building software developer announced that it had placed all 3,378,696 new shares. The south German company placed the stock with institutional investors, excluding shareholders’ option rights prior to the capital increase. RIB Software has earmarked the net revenue from the issuance to broadening its iTWO platform. The money will also be used to ensure continuity of international growth. A first step in this direction was the purchase of Spanish competitor Soft SA. This is expected to create business opportunities in Hispanic markets, in particular Latin America.

MAN: less clarity, fewer costs

At the beginning of September, MAN SE applied to change its listing from Prime Standard to General Standard. This would mean that the company would also quit its MDax listing. The Volkswagen owned company is cutting costs, an exercise that would be favoured by having to meet fewer stock market related transparency obligations.

Verbio: first dividend

At the closure of the most profitable financial year in the company’s history organic fuel producer Verbio AG announced its intention of distributing a dividend for the very first time. The proposal put before the shareholders’ meeting was for 0.10Euros per share. At closure of financial year 2014-15 on 30 June, Verbio posted a turnover of 619 million Euros, down on the previous year’s 734 million. This year, however, the Prime Standard-listed company increased its EBIT by no less than 161 percent to almost 29 million Euros.