Lenzing drops after capital increase

Lenzing AG

01/10/2026 08:09

** Shares in Austrian fibre maker Lenzing LENV.VI slump 10.7% after the company launched a fully underwritten capital increase
** The company says it expects gross proceeds from the increase to amount to €300 million ($339.54 million)
** The issue is priced at €8.65/share, representing a 42.5% discount on Wednesday's closing price excluding subscription rights 
** Up to the previous session's close, shares lost 11.1%​ YTD.
     
     
     
($1 = 0.8835 euros)