Hengeler Mueller advises Bertelsmann on secondary public offering of RTL Group shares at Frankfurt Stock exchange

07. May 2013

In a secondary public offering, the international media company Bertelsmann listed RTL Group shares at the Frankfurt Stock exchange. The offering comprised 25.5 million existing ordinary shares including an over-allotment option of 2.3 million ordinary shares. At the price of EUR 55.5 per share, this results in gross proceeds to Bertelsmann of approximately EUR 1.4 bn. Following the placement, Bertelsmann will hold 75.1% of RTL Group’s ordinary shares, assuming full placement of the over allotment option, and remain a majority shareholder of RTL Group. The total share capital of RTL Group has been admitted to the regulated market (Prime Standard) of the Frankfurt Stock Exchange, in addition to the existing listings on the Luxembourg Stock Exchange and Euronext Brussels.

Hengeler Mueller advised Bertelsmann on this transaction. The Hengeler Mueller team was led by partner Hendrik Haag and included partner Ralph Defren (both Capital Markets, Frankfurt), Counsel Anna Schwander (Capital Markets, Munich) as well as associates Christoph Allmendinger, Jana Sichelschmidt, Stephan Hennrich (all Frankfurt) and Marc Roberts (Berlin).

Hengeler Mueller worked on this transaction together with the US law firm Davis Polk. At Bertelsmann's legal department, Martin Dannhoff and Hendrik Horn were in charge of the transaction.