HANNOVER (Dow Jones) – Continental AG has successfully placed 31 million new shares. The bank syndicate was on Monday) as part of an accelerated bookbuilding process (ABO placed the remaining 6.45 million shares, said of the automobile on Tuesday in Hanover. (Photo: Conti)
The allotment of shares from the capital would be subject to the exercise of the free float shareholders subscription rights.
In addition to 24.55 million new shares at a set strike price of 35 euros per share was for Conti data for the remaining 6.45 million new shares as part of the ABO, a price set by EUR 40 per share. After completion of the ABO and assuming the exercise of all the free float shareholders subscription rights is clear a slightly higher gross proceeds of approximately EUR 1.1 billion.