Report
Nicolas David

AKKA Technologies : The capital increase was necessary, but the hardest part is still to come

>Capital increase expected but nonetheless (very) surprising! - AKKA yesterday morning announced a € 200m reserved rights issue, with € 50m underwritten by the founder and his family and € 150m by CNP, the investment company managed by the Belgian family Frère. The subscription price of € 22.5 gives a premium of 43% vis-a-vis the last closing price (33% on the volume-weighted average price over the past 30 sessions). A capital increase was expected, in that AKKA was n...
Underlying
AKKA Technologies SE

Akka Technologies is an engineering and technology consultancy company. Co. bases its service around two areas which enable it to cover the full life cycle of a product: information and systems technology and engineering. Co.'s activities can be divided into six areas: Mechanical Engineering, Process Engineering, Document Engineering, Industrial Information Technology and Embedded Systems, Information Systems and Consulting. Co. operates mainly in France, Belgium and Germany. Co also operates in Italy, Romania, Switzerland, Spain, England and Canada.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

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