Gleiss Lutz has advised centrotherm photovoltaics AG, headquartered in Blaubeuren, on its listing in the Prime Standard segment of the Official Market of the Frankfurt Stock Exchange. centrotherm is an internationally-active technology- and service-provider for producers. The company possesses business activities which cover major parts of the photovoltaic value chain.
As part of a public offer in Germany and private placements in certain other jurisdictions, a consortium of banks led by Citigroup Global Markets Limited placed a total of 5,350,000 no-par value shares (including over-allotment, without discounted employee shares) at a price of EUR 34.50 per share with investors. Of these, 4,000,000 shares stem from a capital increase of the company and 1,350,000 shares (including over-allotment) are from the portfolio of existing shareholders. The gross issue volume (including over-allotment, without discounted employee shares) amounted to approximately EUR 185 million. The shares of centrotherm photovoltaics AG are listed on the Official Market (Prime Standard) of the Frankfurt Stock Exchange as of October 12, 2007.
centrotherm photovoltaics AG was advised on its IPO by a team of Gleiss Lutz lawyers comprising Dr. Stephan Aubel and Dr. Hoimar von Ditfurth (joint lead capital markets, partner, both Frankfurt), Dr. Hansjörg Scheel (lead corporate, partner, Stuttgart), Dr. Nils Wunderlich, Florian Metz and Michael Obst (all capital markets, Frankfurt), Dr. Dominik Kallweit (corporate, Stuttgart), Dr. Stefan Völker (partner), Dr. Herwig Lux and Jan Bolt (all intellectual property, Stuttgart), Dr. Beate Erken (employment and labour law, Frankfurt) and Dr. Wendelin Staats (tax, Frankfurt).
Only a few weeks ago, Frankfurt’s capital markets team headed by Dr. Hoimar von Ditfurth and Dr. Stephan Aubel advised EnviTec Biogas AG on its listing in the Prime Standard segment of the Official Market of the Frankfurt Stock Exchange. Gleiss Lutz has also advised clients on further IPOs and share placements in the recent past, including
· ersol Solar Energy AG on its capital increases
· Klöckner & Co. AG on its IPO
· Deutsche Bank on the IPOs of Bauer AG and ersol Solar Energy AG
· LBBW on the capital increase of MVV Energie AG
· SAF Simulation, Analysis and Forecasting AG and MAGIX AG on their IPOs
· Ströher Finanzholding AG on the placement of shares of Q-Cells AG and related issuance of notes exchangeable by Credit Suiss
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