DORDA Advises Underwriting Banks on the Euro 1.65 Billion Capital Increase of ams AG
April, 2020 - Vienna, Austria
DORDA's capital market law experts supported the Joint Global Coordinators UBS and HSBC in the Euro 1.65 billion capital increase of Austrian ams AG.
Vienna, 3 April 2020 – DORDA, led by partners Andreas Mayr (Capital Markets and M&A), Tibor Varga (Capital Markets and Banking & Finance) and Christoph Brogyányi (Capital Markets and Corporate), advised the Joint Global Coordinators UBS and HSBC as well as other underwriters on the Euro 1.65 billion capital increase of ams AG. These proceeds serve ams AG to finance the planned acquisition of Frankfurt stock exchange listed Osram AG, one of the largest cross-border takeover acquisitions by an Austrian purchaser. ams AG is a leading global supplier of high-quality sensor solutions. The company is based in Austria and listed on the Zurich stock exchange.
Successful transaction in times of crisis
Despite the difficult market environment caused by the Covid-19 pandemic, the capital increase was successfully completed.
"We are pleased that we were able to support our clients in this capital increase – a legally very complex and, due to the current situation, challenging transaction," says Andreas Mayr about the closing.
DORDA had previously advised UBS and HSBC in February 2020 on the successful EUR 148 million private placement of around 3.35 million treasury shares of ams AG.
DORDA's capital market law experts were thus once again able to demonstrate their exceptional expertise in relation to complex equity capital markets transactions, as was the case last year when they advised the selling shareholder in the IPO of Addiko Bank AG.
