Hiag: Successful capital increase
Hiag Immobilien Holding has completed its capital increase to the maximum extent. The net proceeds amount to CHF 155.9 million.
In the capital increase of Hiag Immobilien Holding AG, the maximum volume of 1.68 million new shares with a nominal value of CHF 1.00 has been placed at an issue price of CHF 95.00, the real estate company announces. The net proceeds from the issue will amount to around 155.9 million, it said. The money is to be used to finance projects, reduce debt and realise acquisition opportunities for properties.
According to Hiag, the capital increase met with above-average demand from public shareholders and was oversubscribed. The anchor shareholders participated with 17.8% of their subscription rights. The free float will thus increase from 36.9% to 45.6%. (ah)
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