Hogan Lovells advises GRENKE AG on a capital increase

Led by Frankfurt-based Partner Michael Schlitt and Counsel Susanne Lenz Hogan Lovells has advised GRENKE AG on its approx. € 200m capital increase.

The 2,040,816 new shares in GRENKE AG were offered through a private placement to institutional investors by way of an accelerated bookbuilding in compliance with Regulation S of the United States Securities Act of 1933 as amended. The pre-emptive rights of shareholders of GRENKE AG were excluded. The new shares have been admitted to trading and included in the existing quotation of the Company's ordinary bearer shares in the regulated market (Prime Standard) at the Frankfurt Stock Exchange.

GRENKE AG is a German leasing company which offers a broad product range including flexible leasing of machines and IT systems demand driven banking products as well as practical receivables management.

Hogan Lovells for GRENKE AG

Prof. Dr. Michael Schlitt (Partner, Lead), Dr. Susanne Lenz (Counsel, Lead), Nona Naydenova, Laura-Shari Tiffert (Business Lawyers) (all Capital Markets, Frankfurt).

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