Siegfried: RAG -Stiftung Beteiligungsgesellschaft mBH To Participate In Financing Of Latest Acquisition
(SIX: SFZN)
RAG
-
Stiftung
Beteiligungsgesellschaft
mbH
based in
Es
sen, Germany, will pa
r-
ticipate
in
a hybrid bond
of Siegfried Holding AG
in
order to
financing Siegfried’s acquisition
of
significant elements
of BASF’s pharmaceutical supply business.
The bond entitles RAG
-
Stiftung to convert the amount with
in 5 years into
Siegfried Holding AG
shares
, which repr
e-
sents a stake in Siegfried of about 7 percent. It is expected that the stock will come from
Siegfried Holding AG’s own
holding
.
A capital increase is not planned in this connection.
Siegfried CEO Rudolf Hanko: “ RAG - Stiftung Beteiligungsgesellschaft mbH is a stable partner with a long - term focus and in full support of the Siegfried Group’s strategy.”
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Siegfried CEO Rudolf Hanko: “ RAG - Stiftung Beteiligungsgesellschaft mbH is a stable partner with a long - term focus and in full support of the Siegfried Group’s strategy.”
Help employers find you! Check out all the jobs and post your resume.