SHW AG issued 585,109 new shares against cash contribution – the international law firm Milbank, Tweed, Hadley & McCloy advised SHW on the successful capital increase.
The new bearer shares were placed in February 2015 at a price of EUR 42.00 per share as part of a private placement with institutional investors by way of an accelerated book building process. SHW received gross proceeds of approximately EUR 24.6 million from the capital increase. The new shares of SHW are admitted to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
SHW AG is a leading automotive supplier providing products that make a substantial contribution to reducing fuel consumption and, consequently, to lowering CO2 emissions. With just over 1,150 employees, the Company generated Group sales in fiscal year 2014 of EUR 430 million.
Advisor to SHW AG: Milbank, Tweed Hadley & McCloy LLP
Christoph Rothenfußer (Corporate/Capital Markets, Munich), Mathias Eisen (Capital Markets, Frankfurt), Associates: Malte Krohn (Corporate/Capital Markets, Munich), Julia Anne Schmidt (Capital Markets, Frankfurt)
