Brief: MBB Subsidiary Friedrich Vorwerk Sets Price Range For Planned IPO At EUR 41 To EUR 56 Per Share

MBB SE

16/03/2021 06:41

March 16 (Reuters) - MBB SE  MBBG.DE :
    * SAID ON MONDAY, MBB SE SUBSIDIARY FRIEDRICH VORWERK SETS
PRICE
RANGE FOR PLANNED IPO AT €41 TO €56 PER SHARE
    * ‍FRIEDRICH VORWERK OFFERS 2.0 MLN PRIMARY SHARES TO
ACCELERATE
GROWTH IN HYDROGEN MARKET​
    * ‍FRIEDRICH VORWERK'S CURRENT SHAREHOLDERS, INCLUDING MBB
SE,
OFFER 6.0 MLN SECONDARY SHARES AND ADDITIONAL 1.2 MLN SECONDARY
SHARES TO COVER POTENTIAL OVER-ALLOTMENT
    * ‍FRIEDRICH VORWERK TARGETS FREE FLOAT OF UP TO 46.0% AFTER
IPO​​
    * ‍OFFER PERIOD IS EXPECTED TO COMMENCE TODAY AND END ON OR
AROUND
23 MARCH 2021​
    * ‍FRIEDRICH VORWERK'S FIRST DAY OF TRADING ON REGULATED
MARKET OF
FRANKFURT STOCK EXCHANGE (PRIME STANDARD) IS EXPECTED TO BE ON
OR AROUND 25 MARCH 2021​

Source text for Eikon:  ID:nEQ6qSc9ra 
Further company coverage:  MBBG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 6600;))