Axway Software launches $143 mln capital increase to fund acquisition
23/07/2024 06:43
July 23 (Reuters) - Axway Software AXW.PA is launching
a capital increase for about 131 million euros ($143 million) to
partially fund its acquisition of a significant chunk of Sopra
Banking Software's business, it said on Tuesday.
The acquisition, announced in June, aims to create a major
player in enterprise software with sales of around 700 million
euros in 2025, Axway said.
The capital increase will be offered through shareholders'
preferential subscription rights, and Axway will issue around
8.11 million new shares at a price of 16.10 euros per share, it
added.
($1 = 0.9184 euros)
(Reporting by Olivier Sorgho in Gdansk; editing by Milla Nissi)
((Olivier.Sorgho@thomsonreuters.com;))