NORDEX SE : Towards the conversion of shareholder loan into capital
>A € 346.7m debt to equity Swap transaction - Nordex (40.97% owned by Acciona) has announced its intention to propose in an Extraordinary General Meeting (scheduled for 27 March 2023) a capital increase amounting to € 346.7m. The terms of the transaction consist of: 1/ subscription proceeds of € 346.7m; 2/ The capital increase will be carried out with the simplified exclusion of shareholders subscription rights except for Acciona, which currently holds a 40.97% stake...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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