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Cellulosic fiber and biorefinery products manufacturer
lenzing.comLast updated
In short: Lenzing raised €300 million, doubled H1 profit, and advanced its nonwovens restructuring under a new CEO.
B&C and Suzano syndicate retains 52.25% stake while Suzano Holding acquires 0.80%. Goldman Sachs holds 5.86%, reflecting strong investor commitment to the company's strategic transformation.
The funding supports the Grow Nonwovens Reset Textiles strategy through February 2027. The meeting also elected Martin Seiter to the supervisory board.
Revenue declined slightly, yet EBITDA rose due to cost measures. Net debt decreased while the company outlined mid-term targets amidst market volatility.
It will phase out plants in Austria and UK, take up to EUR 150 mn impairments, and seek up to EUR 300 mn capital increase.
Lenzing Aktiengesellschaft: Successful completion of the capital increase * A total of 34,756,362 new shares are issued with a gross issuance proceeds of around EUR 301.2 million * 34,411,626 new shares...
Lenzing closed its capital increase with 34.76 million new shares at EUR 8.65 each, raising about EUR 301.2 million; B&C/Suzano syndicate holds around 52.25%. Lenzing's...
Lenzing AG has raised 301.2 million euros through its capital increase. In total, more than 34,000 new shares were placed. Existing shareholders subscribed to 99 percent...
At the heart of the transaction is a cash capital increase approved roughly a week ago, designed to raise gross proceeds of about EUR 300...
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