Solar A/S has successfully raised DKK 123m through issue of new B shares in a directed issue and private placement completed through an accelerated book-building process consisting of new B shares to be admitted to trading and official listing on Nasdaq Copenhagen.
The offering of new B shares was carried out as a private placement to qualified institutional and other professional investors in Denmark and in certain other jurisdictions as well as certain other persons at market price without pre-emption rights for Solar’s existing shareholders.
The net proceeds from completion of the offering of the new B shares are intended to be used for partial payment of Solar’s acquisition of Sonepar Norge AS.
Danske Bank and Nordea acted as Joint Global Coordinators and Joint Bookrunners in connection with the offering.
Accura acted as legal advisor to the Joint Global Coordinators and Joint Bookrunners in connection with the transaction.