Two Capital Increases Successfully Completed for Fuchs Petrolub AG
With an innovative transaction structure consisting of two capital increases and a replacement, WestLB AG raised more than €26 million in equity capital for Fuchs Petrolub AG.
Fuchs Petrolub AG was thus able to submit an attractive offer for subscription to its shareholders and extend its shareholder structure to include new institutional investors. In addition to the traditional offer for subscription, new shares were placed in Europe by means of an accelerated bookbuilding procedure within the framework of a private placement. Furthermore, the structure of the transaction enabled Fuchs Petrolub AG to create a balance between the numbers of issued ordinary and preference shares.
The capital increases were entered today in the Commercial Register and admitted to the stock exchanges without issuance of a prospectus. The new shares will be incorporated into existing quotations on the Frankfurt, Stuttgart and Zurich Stock Exchanges on Monday, December 15, 2003.