Talanx slides on capital increase at discounted price
20/09/2023 08:11
** Shares in Talanx TLXGn.DE fall more than 6% after the
German insurer on Tuesday initiated a capital increase of up to
300 mln euros ($320.4 mln)
** Bookrunner says the capital increase was priced at 61.50
euros per share in an accelerated bookbuilding process, vs
Tuesday's closing price of 65.80 euros
** The company says its majority shareholder, HDI V.a.G.,
will offer for sale additional Talanx shares worth up to 100 mln
euros to further enhance the free float
** The stock hits the bottom of the German mid-cap index
.MDAXI and is on track for the worst day since July 2022
($1 = 0.9363 euros)
(Reporting by Anastasiia Kozlova)
((Anastasiia.Kozlova@thomsonreuters.com))