World set to install 593 GW of new solar in 2024 - Ember
Sep 19, 2024 13:28 CESTJun 13, 2012 - German biogas producer KTG Energie AG expects to raise gross proceeds of up to EUR 37.26 million (USD 46.7m) from its initial public offering (IPO), launched today, which it will use to fund growth, parent KTG Agrar (ETR:7KT) said.
The company is offering 2.7 million no-par-value shares for subscription at a price of EUR 13.80 apiece. Some 1 million of them were created through a capital increase and the rest belonged to KTG Agrar, which will remain KTG Energie’s majority shareholder with a minimum stake of 55% following the IPO.
The subscription period will run until June 26 and the shares will begin trading on the Frankfurt Stock Exchange on June 29.
KTG Agrar added that it had secured firm commitments for sizeable subscriptions from anchor investors in the run-up to the IPO.
WGZ bank AG has been appointed as lead manager and book-runner of the transaction.
(EUR 1.0 = USD 1.255)
World set to install 593 GW of new solar in 2024 - Ember
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