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
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The information contained herein is not for publication or distribution in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
- 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