OREANDA-NEWS. December 11, 2013. ThyssenKrupp AG has successfully completed the capital increase by EUR 131,709,191.68, corresponding to 10 per cent of the capital stock, in an accelerated bookbuilding process. The newly issued 51,448,903 no par shares in ThyssenKrupp

AG were placed with German and international institutional investors at a price of EUR 17.15 per share. The placement results in a gross precedes of EUR 882.3 million.

“With a discount of only 2.75 per cent to the previous day’s closing price the shares were placed at a price of EUR 17.15 mainly with long-term international investors. The fast placement and the quality of the order book confirm the capital market’s trust in ThyssenKrupp’s long-term strategy”, says Guido Kerkhoff, Chief Financial Officer of ThyssenKrupp.

This capital measure strengthens the Group’s equity and reduces its net financial debt. This will have a positive impact on gearing and equity ratio and supports ThyssenKrupp on its strategic way to a diversified industrial group.