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Cavotec SA successfully placed 12,452,830 shares at a subscription price of SEK 13.25 per share, entailing raising proceeds of approximately SEK 165 million. The subscription price was determined through an accelerated book building process. The proceeds of the placement will be used to increase financial flexibility to sup-port the company to execute on its strong order book, growth plans and in addi-tion strengthen the Company’s financial position by reducing net debt. Skandina-viska Enskilda Banken AB acted as the sole bookrunner. The capital increase is subject to approval by an extraordinary general meeting of Cavotec.
Bär & Karrer acted as Swiss legal counsel to Cavotec. The team was led by Massimo Vanotti (Corporate) and Urs Kägi (Capital Markets & Listed Companies) and included Shu Zhang (Capital Markets & Listed Companies), Matthias Bizzarro (Tax) and Rocco Rigozzi (Notarial Services).
For further information please contact:
Media Relations, Eric Stupp
Tel: +41 58 261 50 00
Email: eric.stupp@baerkarrer.ch
Bär & Karrer is a leading Swiss law firm with more than 200 lawyers, providing customized legal advice in complex transactions and litigation. Clients range from multinational corporations to private individuals in Switzerland and abroad. Bär & Karrer is present with offices in all main language regions in Switzerland and operates globally via an international network of leading law firms. For further information please visit baerkarrer.ch.
Zurich, 27 February 2023