Merck KGaA completes capital increase, proceeds of 2.055 bln eur expected |
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Wed, 07 Feb 2007 15:34
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FRANKFURT (AFX) - Merck KGaA said it has successfully completed its capital increase, the total proceeds of which are expected to amount to 2.055 bln eur.This amount includes an equity interest increase of 1.019 bln eur by the Merck family holding company E. Merck OHG.The company said that around 99.86 pct of the subscription rights for the shares - which were traded between Jan 24 and Feb 2 - were taken up.The new shares, which have a full dividend entitlement for the fiscal year 2006, commenced trading today on the Frankfurt Stock Exchange, said Merck in a statement.As a result of the capital increase, E. Merck OHG will reduce its equity stake in the company from 73 pct to 70.3 pct, while the free-float will increase to 29.7 from 27 pct.Merck's shareholders were offered four new shares at a price of 78 eur per share for every 29 old shares.krysia.diver@afxnews.comkd/ambCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Merck KGaA says 6.2 mln new shares placed at 87.00 eur/shr UPDATE 