Deutz falls in early trade after capital increase

Deutz AG

03/07/2024 07:42

** Shares in Deutz  DEZG.DE  slip 2.5% in early Frankfurt
trade after the German diesel engine manufacturer carried out a
10% capital increase on Tuesday to finance recent acquisitions
and enable future growth
    ** Shares were placed via accelerated bookbuilding at 5.71
euro per new share, representing a discount of 6.16% to the last
closing price of 6.09 euro
    ** A local trader calls the capital increase "not totally
unexpected", and says it will potentially weigh on shares after
a recent run on share price
    ** The stock, up 26.8% YTD, is on the bottom of the German
small-cap index  .SDAXI  in early Frankfurt trade

 (Reporting by Bernadette Hogg)
 ((Bernadette.hogg@thomsonreuters.com))