Schmack Biogas AG, a leading German supplier of biogas plants, announced on February 14, 2007 that it will increase its share capital by issuing 493,955 shares. The issue price, which was determined within the scope of a book-building process, is EUR 55 per share. At the same time several of the old shareholders sold more than a million shares. Furthermore, an over-allotment option of up to 236.196 shares has been granted to the syndicate banks. This leads to a total transaction volume of around EUR 100 million and significantly increases the free float of the shares in Schmack Biogas AG.
The shares have been placed by UniCredit Markets & Investment Banking (Bayerische Hypo- und Vereinsbank AG), Munich, and by Calyon S.A., Paris, as part of an international private placement, in the course of which shares have been placed with institutional investors in Europe and in the USA in accordance with Rule 144A of the U.S. Securities Act of 1933.
Schmack Biogas AG was advised by Dr. Detlef Bauer (partner) and Dr. Nils Wunderlich from Gleiss Lutz’ Frankfurt office. Both had already advised Schmack Biogas AG on its IPO in the Prime Standard of the Frankfurt Stock Exchange.
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