Meyer Burger Technology AG Completes Rights Offering in the Amount of Approximately CHF 152 Million
On 13 May 2013, Meyer Burger Technology AG, a leading global technology Group specialising in innovative systems and processes based on semiconductor technologies, completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 152 million. The net proceeds of the rights offering will, inter alia, be used to strengthen Meyer Burger Technology AG's balance sheet and secure its financing needs in the near to mid-term and to increase the Group's financial flexibility and to further invest in research and development of photovoltaic systems. Credit Suisse AG and UBS AG acted as Joint Lead Managers in the offering.
Bär & Karrer acted as legal adviser to the Joint Lead Managers in the transaction. The team included Thomas Reutter, Till Spillmann, Daniel Heiniger, Romina Brogini, Flavia Westermaier, Andrea Giger as well as Michael Barrot (Tax).