Capital News
Deutsche Telekom is saving around €1.1 billion on its dividend payment for 2012, though it remains stable year on year at 0.70 euros per share. The company's shareholders have taken their first opportunity to get their dividend in shares on a large scale. Telecom can put the withheld funds of more than one billion euros to good use for the multibillion-dollar expansion of information highways in Germany. At 129,855,897 issued shares, the capital increase comes to about three per cent. The cash distribution is €1.87 billion.
HOCHTIEF announced that shares worth up to €260 million are to be repurchased. Between 17 June and 13 December more than 4.3 million shares, or about 5.6 per cent of the share capital, are to be acquired on the stock exchange, the company announced. The ACS-controlled portion of the Essen construction company thereby increases significantly, to almost 60 per cent. It is the first repurchase programme since 2008. Given an existing private-equity stake of about 4.4 percent, the Group is thus likely to achieve a self-held share of ten per cent by December.
Biotest: More equity for capacity expansion
With a recently-completed capital increase, the SDax listed Biotest AG has brought in 76 million euros. With an issue price of 52 euros, the company has placed nearly 1.5 million preference shares, some with existing Biotest shareholders as well as with institutional investors. The income will be put into company expansion, especially the development of capacity at its main production site in Dreieich.
Deutsche Rohstoff: Money for overseas oil and gas extraction
Deutsche Rohstoff AG placed a corporate bond in the Entry Standard of Deutsche Börse at the beginning of June with maturity until July 2018 and a volume of 100 million euros. By its own account the company plans to expand its US subsidiary Tekton Energy. Since April 2012, Tekton has extracted natural oil and gas in an already-opened field in the US state of Colorado. The bond has an interest rate of eight percent.
Hansa Group: Funds for refinancing
In mid June, Hansa Group AG strengthened its equity base with an increase in capital over ten million euros. The chemical company, an SME based in Genthin, is listed in Prime Standard and plans to use this capital market action to refinance investments made in recent years. By its own account, Hansa aims to expand its product portfolio in the current year and increase utilization of its production capacity. The company is a manufacturer of surfactants and washing, cleaning and care products as well as cosmetics.