Space: OHB Announces Share Placement and Partial Exit From KKR

Handelsblatt

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The satellite group plans to increase its capital by around EUR 500 million for the expected space boom. The Fuchs family and investor KKR waive their subscription rights.

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With the money, the company plans to invest in new rockets and possible acquisitions. For this, shares that currently belong to KKR will be sold.

WESER-KURIER

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Turnaround at OHB: To finance its growth rate, the Bremen-based space company wants to issue new shares. The satellite manufacturer actually wanted to withdraw from the stock exchange.

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The aerospace company OHB aims to raise half a billion euros through the issuance of new shares – this could also allow KKR to partially exit its stake after two years. The Bremen-based company's stock reacted immediately, falling by double digits.