Austrian development company Meinl EL has announced it will raise about EUR 1.5 bn through the issue of 75 million new shares at a price of EUR 19.7 each. The offer period will start on January 22 and will end on February 9, 2007. The proceeds are expected to be used to finance further expansion of the Meinl EL portfolio, researchers at merchant bank Kempen & Co reported.
Austrian development company Meinl EL has announced it will raise about EUR 1.5 bn through the issue of 75 million new shares at a price of EUR 19.7 each. The offer period will start on January 22 and will end on February 9, 2007. The proceeds are expected to be used to finance further expansion of the Meinl EL portfolio, researchers at merchant bank Kempen & Co reported.
Meinl's portfolio amounts to EUR 3.7 bn investments and commitments altogether. The Austrian group has also an uncommitted project pipeline of EUR 2 bn.
