Siemens Healthineers takes last major step in the Varian financing with placement of shares
Summary
Siemens Healthineers AG has successfully placed 53 million new shares with institutional investors through an accelerated book-building offering. Approximately 16.2 percent of the offer size was allocated to Qatar Investment Authority (QIA). “The transaction will also increase the free float and hence the attractiveness of our share.” Admission of the new shares for trading in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange is expected to take place on March 26, 2021 without a prospectus. In the first step of the refinancing, Siemens Healthineers placed 75 million new shares on September 2, 2020, generating gross proceeds of EUR 2.73 billion. Thanks to the two successful equity raises we managed to optimize the financing mix for us, allowing us to retain a very solid balance sheet and net leverage level following the acquisition”, said Schmitz.
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