Lenzing launches €300M capital raise to fund strategy reset
What's the deal? Austrian fibre producer Lenzing AGDealroom has a profile for this one. Try Dealroom → has announced a fully underwritten capital increase to raise roughly €300 million. The subscription price is set at €8.65 per share, with existing holders able to subscribe for nine new shares per 10 held.
Why now? The raise funds Lenzing's "Grow Nonwovens, Reset Textiles" strategy and aims to strengthen its capital structure. It still needs approval from the Austrian Financial Market Authority.
Who's backing it? Dominant shareholders B&C GroupDealroom has a profile for this one. Try Dealroom → and Suzano S.A.Dealroom has a profile for this one. Try Dealroom →, along with Oberbank AGDealroom has a profile for this one. Try Dealroom →, have committed to fully exercising their subscription rights.
What's next? The subscription period runs October 6 to October 20, 2026, with rights trading on the Vienna Stock Exchange from October 6 to October 14. Any unsubscribed shares go to institutional investors via an international private placement on October 20.
The signal: At €300 million, this ranks among the largest post-IPO equity raises by an Austrian energy-adjacent company in the past four years, landing in the 95th percentile of comparable deals.
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