Cavotec has successfully carried out a directed share issue, with the guidance and legal assistance of Bär & Karrer. The share placement involved 12,452,830 shares sold at a subscription price of SEK 13.25 per share, resulting in proceeds of approximately SEK 165 million.
The subscription price was determined through an accelerated book building process. Skandinaviska Enskilda Banken AB served as the sole bookrunner for the placement.
The raised funds will be utilized to bolster financial flexibility, support the company’s growth plans, and strengthen its financial position by reducing net debt.
The proposed capital increase is subject to approval by an extraordinary general meeting of Cavotec.
Bär & Karrer acted as Swiss legal counsel to Cavotec. The team was led by Massimo Vanotti (corporate, pictured left) and Urs Kägi (capital markets & listed companies, pictured right) and included Shu Zhang (capital markets & listed companies), Matthias Bizzarro (tax) and Rocco Rigozzi (corporate).
L’articolo Bär & Karrer with Cavotec on its Directed Share Issue proviene da Legalcommunity.ch.