Dufry raises $906m for Nuance buy

By Doug Newhouse |


Dufry is expecting around CHF.810m ($906.4m) in gross proceeds from its recent share offer placing at CHF.162.00 ($181.30) per share.

 

The retailer says that the monies raised will be used to part finance its planned CHF.1.55bn ($1.73bn) acquisition of The Nuance Group AG announced on June 4, 2014.

 

As reported, the offer price for the rights offering and the international offering were determined and approved at the extraordinary general meeting on June 26, 2014.

 

Some 3,623,976 new shares were subscribed for by existing shareholders, while 1,376,024 new shares were purchased by investors in the international offering.

 

DUFRY’S NEW SHARE CAPITAL

After the capital increase, the share capital of Dufry amounts to CHF.179,525,280 ($200,912,518) divided into 35,905,056 registered shares with a nominal value of CHF.5.00 each ($5.59).

 

The new shares are fully fungible [mutually interchangeable-Ed] with the outstanding registered shares of Dufry and are expected to be listed and eligible for trading on SIX Swiss Exchange as of tomorrow, July 9, 2014.

 

Settlement and delivery of the new shares against payment of the offer price is expected to occur on July 14, 2014.

 

[TOP IMAGE: Nuance at Zürich Airport].

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