Deutz AG Strengthens Strategic Position with €131 Million Capital Raise

Engine manufacturer Deutz AG has successfully bolstered its financial resources, completing a capital increase that generated €131.1 million. The proceeds are earmarked for the recent acquisition of the SOBEK Group, a move that significantly expands the company’s technological reach. Deutz shares were trading at €9.72 following the announcement.

The capital injection was secured through an accelerated bookbuilding process in early September, where 13.9 million new shares were placed with institutional investors at a price of €9.45 per share. The minimal discount to the prevailing market price at the time indicated robust investor appetite. The new shares commenced trading on the Frankfurt and Düsseldorf exchanges just three days after the placement.

Chief Financial Officer Oliver Neu characterized the transaction’s success... Read more...