Telefonica Deutschland raises EUR 3.6 bln in share issue

Wednesday 24 September 2014 | 15:05 CET | News
Telefonica Deutschland has raised EUR 3.6 billion in its rights issue to help finance the takeover of rival E-Plus. Shareholders subscribed for 99.92 percent of the shares on offer, and majority shareholder Telefonica exercised all its rights to maintain its stake in the German subsidiary. Each share held entitled shareholders to one new share at the discounted price of EUR 3.24. The bookrunners were sell on the market the remaining shares not subscribed in the rights issue. The issue of 1.12 billion new shares doubles Telefonica Deutschland's outstanding capital, and another 740.7 million

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Categories: General
Companies: E-Plus / KPN / Telefonica / Telefonica Deutschland
Countries: Germany
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