Cargotec Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Cargotec Oyj executes sale of own shares
Cargotec Oyj:Says it announced it intends to offer up to 2,959,487 Cargotec class B shares held in treasury to a limited number of selected domestic and international institutional qualified investors in an accelerated book-built offering deviating from the shareholders' pre-emptive subscription right.Says that based on the subscription commitments received during the accelerated book-building, Cargotec's Board of Directors decided to re-issue 2,959,487 shares to selected domestic and international institutional qualified investors.Says shares correspond to approximately 5.40 percent of class B shares and 4.60 percent of all the shares and 1.97 percent of all voting rights in the company prior to the completion of the share issue and 1.97 percent of all voting rights in the company following the completion of the share issue.Says the share issue is expected to be completed on Dec. 10.Says following the share issue the total number of issued class B shares, 54,787,091 remains unchanged.Says the subscription price was set at 25.00 euros per share, amounting to a total of 74.0 million euros before commissions and expenses.Says the proceeds from the share issue are intended for refinancing of existing debt of Cargotec and restrengthening the balance sheet following the completed and pending acquisitions in Cargotec's MacGregor business area.Says Nordea Markets acted as the Lead Manager and Sole Bookrunner in the share issue.
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