Brief: Clariane Announces Two Capital Increases Totalling EUR 328 Mln

Clariane SE

17/05/2024 09:48

May 17 (Reuters) - Clariane SE  CLARI.PA :
    * ANNOUNCES TWO CAPITAL INCREASES TOTALLING C. €328 MILLION,
TO
STRENGTHEN ITS FINANCIAL STRUCTURE WITH THE INVESTMENT OF A NEW
MAJOR SHAREHOLDER ALONGSIDE CREDIT AGRICOLE ASSURANCES: THE
GROUP HLD EUROPE
    * HLD EUROPE PLANS TO ENTER CAPITAL OF CLARIANE WITH AN
INVESTMENT
REPRESENTING A SHAREHOLDING OF 20%
    * THESE CAPITAL INCREASES WILL BE THIRD PART OF CLARIANE'S
PLAN TO
REDUCE ITS DEBT AND STRENGTHEN ITS FINANCIAL STRUCTURE
    * HLD EUROPE WILL SUBSCRIBE EUR 74.1 MILLION OF RESERVED
CAPITAL
INCREASE
    * ASSET DISPOSAL PROGRAMME IS EXPECTED TO GENERATE GROSS
PROCEEDS
OF C. EUR 1 BILLION OF WHICH AROUND 40% HAS ALREADY BEEN SECURED

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Further company coverage:  CLARI.PA 

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