You are here: Home » Reuters » News
Business Standard

Delivery Hero sees proceeds of $429 million from capital increase

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Delivery Hero, the world's largest online takeaway food delivery group, said it expected gross proceeds of 362.25 million euros ($428.6 million) from the placement of new shares with investors, as it seeks to raise funds to expand through acquisitions.The group said in a statement on Wednesday it would issue 10.5 million new shares, to be placed at 34.50 euros apiece, an 8 percent discount to Tuesday's closing price.In addition, Delivery Hero shareholders have placed 2 million existing shares with institutional investors in an accelerated bookbuilding, bringing the total ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 06 2017. 13:25 IST