Centralnic Buys German Online Marketing Company for Initial EUR67 Million, Funded via Equity Issue
28 Febrero 2022 - 2:04AM
Noticias Dow Jones
By Ian Walker
Centralnic Group PLC said Monday that it is buying German online
marketing business VGL Verlagsgesellschaft mbH for an initial sum
of 67 million Euros ($75.5 million), which will be part funded via
a share placing and open offer.
The global internet-platform company said that it is raising up
to 42 million pounds ($56.3 million) via a placing of up to 35
million new ordinary shares at 120 pence each, a 10% discount to
its closing price of 133.50 pence on Friday. The placing will be
conducted via a bookbuild program.
The company is also offering shareholders the chance to buy the
discounted shares via an open offer of up to 2.5 million shares on
the basis of one new share for every 100.46403360 held.
Centralnic said that it also plans to raise EUR21 million via
the issue of senior secured callable bonds, which will also be used
towards the acquisition with the rest of the money coming from
existing cash reserves.
Zeus Capital Ltd. and Joh. Berenberg, Gossler & Co. KG are
acting as joint bookrunners to the placing.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
February 28, 2022 02:49 ET (07:49 GMT)
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