Hogan Lovells advises ABN AMRO and COMMERZBANK on the capital increase of SFC Energy AG
Led by Frankfurt-based partner Prof. Dr. Michael Schlitt Hogan Lovells International advised ABN AMRO Bank N.V. and COMMERZBANK Aktiengesellschaft on the capital increase of SFC Energy AG, a leading international supplier of stationary and mobile hybrid power energy solutions based on the direct methanol fuel cell.
The company's shares were offered in a public offering in Germany and Luxembourg as well as private placements in other countries. The final issue price for the offer has been set at EUR 10 and total gross proceeds amounted EUR 27 million.
The 2,700,000 newly issued shares were included in the existing stock exchange listing. 1,428,392 new shares were issued to existing shareholders who exercised their subscription rights and the remaining 1,271,608 new shares were issued to institutional investors by way of an accelerated bookbuilding process in the course of a pre-placement.
Hogan Lovells for ABN AMRO and COMMERZBANK
Frankfurt
Prof. Dr. Michael Schlitt (Partner), Sara Šepac (Foreign Associate), Eva-Christina Sommer (Business Lawyer), Christian Schröder (Research Assistant), Andreas Mildner (Research Assistant), Leon Lindemann (Research Assistant), Carlos Landschein (Research Assistant, all Capital Markets);
Düsseldorf
Dr. Heiko Gemmel (Partner), Anne Svenja de Kiff (Senior Associate, both Tax);
Birgit Reese (Partner, M&A/Corporate Insurance);
Munich
Dr. Patrick Ayad (Partner), Nadine Otz (Senior Associate), Julia Pöschel (Associate, all Commercial);
Luxembourg
Gerard Neiens (Partner), Jean-Philippe Monmousseau (Senior Associate), Pierre-Luc Wolff (Associate, all Tax);
Amsterdam
Aafke Pronk (Senior Associate, Corporate).