German food delivery company Delivery Hero has raised fresh money with a capital increase. The gross proceeds of the cash capital increase without subscription rights for shareholders were around 1.2 billion euros, the DAX-listed company announced in Berlin on Wednesday evening. In total, the company had sold just under 9.5 million new ordinary shares to institutional investors for 132 euros each. The closing price in the main Xetra trading system had been 138.35 euros.
The number of shares represents around 4.7 percent of the company's capital stock. According to earlier statements, management intends to use the proceeds for "attractive investment opportunities," among other things.
Investors were not enthusiastic. The share price of Delivery Hero sank on the trading platform Tradegate initially by 4 percent. The most recent price was still a minus of 3 percent.
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