Spinning
Rieter announces successful completion of rights issue
Together with a private placement to the two largest shareholders, the capital increase will generate net proceeds of around CHF 462 million. The funds will be used to finance the acquisition of Barmag. The first trading day of the newly issued shares is expected on October 2, 2025, with settlement scheduled for October 6, 2025.
CEO Thomas Oetterli commented: “The successful completion of the capital increase is a decisive milestone in the acquisition of Barmag and the final step in the financing of the transaction. We are grateful for the trust of our shareholders and look forward to driving the transformation of Rieter with new momentum”.