Hengeler Mueller advises LANXESS on capital increase
08. May 2014
On 7 May 2014, the Executive Board of LANXESS AG with the approval of the Supervisory Board resolved to increase the capital stock of LANXESS AG by approximately 10% of the current capital stock, by issuing new no par shares in the company and to exclude subscription rights. The issue was successfully placed with international institutional investors via an accelerated bookbuilding process without prospectus. LANXESS received total gross proceeds of around EUR 430 m.
Hengeler Mueller advised LANXESS AG on the capital increase. The Hengeler Mueller team included partners Wolfgang Groß (Capital Markets) and Carsten Schapmann (Corporate) as well as associate Thomas Meyer.