Vossloh AG : Strong re-rating potential in the short term after the completion of the capital increase
>Capital increase of ~€ 72m - Last week, Vossloh announced that it had successfully completed its capital increase (ABB) with the issuance of new shares (representing 10% of the total number of shares before the operation) at a price of € 41 per share, enabling the group to raise ~€ 72m to partly finance the acquisition of Sateba (announced last July). KB Holding, the majority shareholder, took part in the deal to the extent of its stake (50.09%).The Sate...Vossloh is a holding company. Through its subsidiaries, Co. in engaged in the rail technology markets. Co.'s core businesses comprise rail infrastructure products and services, rail vehicles, and components for rail vehicles and buses. Co. conducts its operations through two divisions: Rail Infrastructure and Transportation. The Rail Infrastructure division provides products and services related to the infrastructure through three business units: Fastening Systems, Switch Systems, and Rail Services. The Transportation division consists of the operations related to rail vehicles and vehicle systems/components and has two business units: Transportation Systems and Electrical Systems.
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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