Hogan Lovells advises Commerzbank AG on placement of Hornbach shares

Led by their Frankfurt-based partner Michael Schlitt and counsel Susanne Lenz, Hogan Lovells advised Commerzbank AG on the placement of 1 million Hornbach Holding AG & Co. KGaA shares by Hornbach Familien-Treuhandgesellschaft mbH.

Hornbach Familien-Treuhandgesellschaft mbH placed the shares in the course of an accelerated bookbuilding procedure at a price of 65.50 € per share with investors. With this transaction, Hornbach Familien-Treuhandgesellschaft mbH sells the second half of a 2 million share package which it previously purchased in March 2014 from Kingfisher plc. The first half of this share package was placed in October 2015. This placement increased Hornbach's free float on the stock market. 

Hogan Lovells-Team for COMMERZBANK AG

Prof. Dr. Michael Schlitt (partner), Dr. Susanne Lenz (counsel), Stefan Reitemeyer (associate), Garrett Gunchick (foreign associate, all Frankfurt);

John Basnage (partner, London);

Steven Kaufman (partner, Washington DC)

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