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    DGAP-News  1086  0 Kommentare HELLA KGaA Hueck & Co.: HELLA goes public


    DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): IPO
    HELLA KGaA Hueck & Co.: HELLA goes public

    31.10.2014 / 09:51

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    The information contained herein is not for publication or distribution in
    or into the United States of America, Canada, Australia, or Japan.

    HELLA goes public

    - HELLA, a globally leading automotive supplier, is going public on the
    Prime Standard of the Frankfurt Stock Exchange

    - A private placement of about 11.1 million new shares at a price of EUR
    25.00 per share was successfully completed today. This first tranche
    constitutes a crucial milestone of the overall transaction. The
    placement volume of this first tranche was approximately EUR 278
    million

    - In the second sub-step, up to 5.75 million additional shares (including
    greenshoe option) held by the family shareholders will be offered

    - Offer to institutional investors from both Germany and other European
    countries in an accelerated bookbuilding, beginning with the
    announcement of the price range on 3 November and ending presumably on
    6 November 2014

    - Trading in HELLA shares is expected to start on 11 November 2014

    - HELLA will still continue to be a family business with family
    shareholders as long-term majority investor

    Lippstadt, 31 October 2014. HELLA KGaA Hueck & Co., a globally leading
    supplier of lighting technology and electronic products for the automotive
    industry and a key partner of the European automotive spare parts market,
    is going public. Trading in Hella shares is expected to start on 11
    November 2014 on the regulated market of the Frankfurt Stock Exchange
    (Prime Standard), as well as on the Luxembourg stock exchange. HELLA plans
    to use the proceeds of over approximately EUR 278 million from the private
    placement which has been completed today, to continue its current growth
    strategy. The family shareholders will continue as the long-term majority
    investor. "HELLA has a highly successful track record in the global
    automotive industry. Our key priority is to continue HELLA's status as an
    independent family business", says Dr Jürgen Behrend, Managing Partner. He
    added that "going public opens new opportunities to successfully continue
    our long-term growth strategy."

    HELLA shares will be placed in a two-stage transaction structure: HELLA, in
    the context of a confidential private placement, has already placed
    11,111,112 shares (about 11.1 percent of the registered capital) from a
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    DGAP-News HELLA KGaA Hueck & Co.: HELLA goes public DGAP-News: HELLA KGaA Hueck & Co. / Key word(s): IPO HELLA KGaA Hueck & Co.: HELLA goes public 31.10.2014 / 09:51 --------------------------------------------------------------------- The information contained herein is not for publication or …