Philion plans stock market listing, capital increase

Friday 15 March 2019 | 09:08 CET | News

German mobile retailer Philion announced plans to raise new capital and list on the main Xetra exchange. The company will first list 2 million of its existing shares on the Duesseldorf stock exchange in the next few weeks, subject to approval of the Federal Financial Supervisory Authority (Bafin). Subsequently, a Xetra listing is planned. The company then plans to carry out a capital increase to help finance additional acquisitions and increase its free flot. 

The timing of the capital increase will depend on market conditions. The volume and price of the offering have not yet been determined. 

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Categories: Mobile & Wireless
Companies: Philion
Countries: Germany
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