Gerresheimer AG : A bad signal for investors
>10% equity raise - Gerresheimer announced on Tuesday evening a 10% equity raise via accelerated bookbuilding with the exclusion of the shareholders’ subscription rights. Later in the evening the transaction was reported as executed with gross proceeds of € 271m. Vague use of proceeds - According to the company, the net proceeds from the capital increase will be used to capture further incremental growth opportunities with a particular focus on High...Gerresheimer is a holding company. Through its subsidiaries, Co. manufactures glass and plastic products for the pharma and healthcare industry. Co.'s operates in three divisions: Plastics & Devices, which its product portfolio includes products for the administration of medicines, such as insulin pens, inhalers, and prefillable syringes; Primary Packaging Glass, which produces glass primary packaging for medicines and cosmetics, such as pharma jars, ampoules, injection vials, cartridges, perfume flacons, and cream jars; and Life Science Research, which produces laboratory glassware for research, development, and analytics, such as beakers, Erlenmeyer flasks, and measuring cylinders.
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.
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