Meyer Burger attracts further investment

Share

Meyer Burger Technology is accumulating the investment it is seeking for its ordinary capital increase thick and fast, as investment commitments during the new recapitalization program have now reached CHF 49 million (USD 48.5 million). Four separate investors have made the investment commitments for new unregistered shares in the company, as it looks to raise CHF 164.5 million in capital.

The most recent investment commitment is for CHF 10.8 million, from London-based asset manager, Carmignac Gestion. The deal is subject to certain conditions, but will see Carmignac Gestion purchase 30 million unsubscribed shares in the company.

The company has now received investments commitments in the amount of CHF 49 million from four separate investors, which are subject to certain conditions. It is part of a major restructuring program that the company announced earlier in the year.

As part of the restructuring, Meyer Burger has set out plans for an ordinary capital increase, with the goal of accumulating CHF 164.5 million in capital, from the issuance of 456,851,800 new registered shares. The recapitalization proceeding also include the extension of the company’s existing bank credit, which has been agreed in principle.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.