Mutares drops due to $121 million capital increase plan

Mutares SE & Co KgaA

02/04/2026 07:41

** Shares in Mutares MUXG.DE drop 11% in early Frankfurt trade after it announced plans for a capital increase

** It will issue up to 4,269,651 new shares for gross proceeds of up to 105 million euros ($121 million), which will be used for U.S. and European expansion and to strengthen balance sheet

** The planned 20% hike to the company's market cap is a surprise, a local trader says

** New shares are priced at 24.50 euros versus Wednesday's close of 28.2 euros per share

** The stock is at the bottom of the German small-caps index .SDAXI

($1 = 0.8679 euros)

(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))