Schrobenhausen/Munich (dpa/lby) – The civil engineering and mechanical engineering group Bauer can issue new shares and thus collect fresh money for debt repayment. The company announced on Monday in Schrobenhausen in Upper Bavaria that the actions for rescission and nullity brought by shareholders against the resolution of the general meeting had been settled with a settlement.
The Munich-based Doblinger Group holds 30 percent of the Bauer shares, wants – in contrast to the Bauer family – to participate in the capital increase and also buy all new shares not purchased from other shareholders up to a volume of 70 million euros. According to Bauer, the company has now reached an agreement with the plaintiffs to initially offer the remaining new shares to the existing shareholders. In the settlement, Bauer also committed to set up a stock exchange trading in subscription rights so that shareholders can sell their subscription rights. The court proceedings were thus ended by mutual agreement. Bauer hopes to raise 104 million euros with the capital increase.
