NORDEX SE : Capital increase on ~10% of share capital. Valuation remains attractive and Buy maintained
>Capital increase with the issuance of ~10.7M shares (~10% of the share capital) - Yesterday after trading, Nordex announced its decision to launch a capital increase against cash contributions with the partial use of authorised capital. The group’s share capital will be increased, excluding subscription rights for existing shareholders, with the issuance of ~10.7M new shares, i.e. ~10% of share capital, taking the number of shares from ~106.7M to 117.4M and the shar...Nordex is a holding company. Co. is a supplier of multimegawatt onshore wind turbines for locations characterised by strong, medium and light wind conditions. Co. focuses on developing and producing the entire system including the control software as well as the main core components and on providing related services. This mainly refers to the sale of wind power systems and, in selected markets, the upstream wind farm project development and sale of turnkey solutions. In addition, Co. assembles wind turbines and provides the necessary after-sales service. Co.'s finance department also supports customers to raise project finance via national and international commercial banks.
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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