Brief: MBB Subsidiary Friedrich Vorwerk Plans IPO

MBB SE

08/03/2021 06:43

March 8 (Reuters) - MBB SE  MBBG.DE :
    * MBB SE SUBSIDIARY FRIEDRICH VORWERK PLANS INITIAL PUBLIC
OFFERING (IPO) TO ACCELERATE GROWTH IN THE HYDROGEN MARKET
    * FRIEDRICH VORWERK IS ADMISSION TO TRADING ITS SHARES ON
REGULATED MARKET (PRIME STANDARD) OF FRANKFURT STOCK EXCHANGE AS
EARLY AS Q1 2021
    * FRIEDRICH VORWERK TARGETS GROSS PROCEEDS OF APPROXIMATELY
EUR 90
MILLION FROM NEWLY ISSUED SHARES TO FURTHER ACCELERATE GROWTH OF
ITS BUSINESS
    * FRIEDRICH VORWERK'S EXISTING SHAREHOLDERS, INCLUDING MBB
SE,
HAVE COMMITTED TO A SIGNIFICANT SECONDARY COMPONENT TO SUPPORT A
TARGET FREE FLOAT OF AROUND 45 %

Source text for Eikon:  ID:nEQ5cg7BPa 
Further company coverage:  MBBG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))