(Tiper Stock Exchange) – EuroGroup Laminationsa world leader in the design, manufacture and distribution of stators and rotors for electric motors and generators, he defined the price range between a minimum of 5 and a maximum of 6 euros per ordinary share for the purposes of its listing on Euronext Milan, corresponding to a capitalization market value between 861 and 983 million euros after the capital increase.
Assuming full exercise of the over allotment option, the offer size will be between 416 and 448 million euros. The floating however, it will be between 45.6% and 48.3% of the company’s share capital.
The beginning of offer period is scheduled for February 1 and will end by February 8, 2023.
THE proceeds arising from the capital increase will be used by EuroGroup Laminations to implement its strategy, in particular to expand its production capacity (including the construction of new production plants), develop new technologies, strengthen its capital structure, as well as further expand its geographical presence. In addition, if the opportunity arises, the company also intends to pursue external growth opportunities.
(Photo: © Moreno Soppelsa | 123RF)