Hengeler Mueller advises Bertelsmann on placement of RTL Group shares

10. October 2013

The international media company Bertelsmann has announced that it has successfully completed the accelerated bookbuilding offering to institutional investors of two million ordinary shares of RTL Group. The offer comprised the shares of the over-allotment option (Greenshoe), for which the option had not been exercised during the placement of shares of RTL Group on behalf of Bertelsmann in spring 2013. The offered shares corresponded to approximately 1.3% of RTL Group’s share capital. The offer price was set at EUR 75.81 per share which is equivalent to the closing share price on XETRA on 2 October 2013. This represents gross proceeds of approximately EUR 151.6 m. The orderbook was multiple times covered.

Following the placement, Bertelsmann holds 75.1% of RTL Group’s ordinary shares and remains a majority shareholder of the company.

Deutsche Bank and Morgan Stanley acted as Joint Bookrunners on the transaction.

Hengeler Mueller advised Bertelsmann on the placement. Partner Ralph Defren (Capital Markets, Frankfurt) was responsible for the transaction. Hengeler Mueller worked on this transaction together with the US law firm Davis Polk.