HAMBURG (dpa-AFX) – The wind turbine manufacturer Nordex is getting fresh money again. This time, a gross amount of 212 million euros is to flow into the cash register through a capital increase with subscription rights, as the company announced on Sunday evening. Most recently, two weeks ago, Nordex announced a private placement with its major Spanish shareholder Acciona, which should bring in a good 139 million euros gross.
The subscription price for the new shares was set at EUR 5.90, as it was said on Sunday. On Friday, Nordex shares closed the main Xetra trading at EUR 8.90. Nordex shareholders can new shares purchase for every 49 existing shares at the subscription price. Acciona will exercise the subscription rights for its current share capital of 39.66 percent. Shares for which the subscription rights were not exercised as part of the subscription rights offer are fully subscribed to by a bank consortium. The subscription period runs from July 13th to 26th.
According to the information provided, the capital increase with subscription rights is intended to strengthen the capital structure by increasing the equity ratio in the currently volatile market environment for the wind energy sector. The increased liquidity protects against short-term industry-specific risks
Nordex started the new year with heavy losses. When presenting the figures, the company cited the costs for the realignment of rotor blade production, lower installation performance and increased raw material and logistics costs as reasons. Other wind turbine manufacturers such as Vestas (Vestas Wind Systems AS) and Siemens Gamesa (Siemens Gamesa Renewable Energy SA) are also cautious about the current year due to rising costs and supply chain disruptions. Nordex had postponed the presentation of its quarterly results to mid-June due to a cyber security incident and was kicked out of the SDAX due to the late announcement
Leverage must be between 2 and 20
No data