Deutz falls after €179 mln capital raise
BUZZ-Deutz falls after €179 mln capital raise ** Shares in German engine maker Deutz DEZG.DE fall 5%, with a local trader pointing to dilution following the company's €179 million equity raise
** Deutz issued 15.3 million new shares at €11.70 apiece, increasing Deutz's share capital by 10% while diluting existing shareholders' holdings
** The accelerated bookbuild was targeted at institutional investors and excluded existing shareholders' subscription rights
** Capital increase provides fresh funds for Deutz's growth plans, the company says
** Up to the previous session's close, shares were up 44.6% YTD, according to LSEG data
(Reporting by Maria Rugamer)
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Deutz falls after €179 mln capital raise
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