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Chemical Week Magazine :: Companies

Symrise generates $548 million from capital increase

8:40 AM MDT | May 15, 2014 | Michael Ravenscroft

Symrise (Holzminden, Germany) says it has increased its capital from authorized capital by about €400 million ($548 million) by placing 11,150,000 new shares with institutional investors. The shares were offered at an issue price of €36/share. The company intends to use the additional capital raised by the share issue to partially finance the planned acquisition of the Diana Group (Vannes, France), Synrise says. “We are delighted with the positive response from investors to our capital increase,” says Heinz-Jürgen Bertram, executive...

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