Clifford Chance advises the joint global coordinators and joint bookrunners on €100 million secondary share placement for PALFINGER

Global law firm Clifford Chance has advised BofA Securities and UniCredit on the successful private placement of approximately 2,826,516 million treasury shares of PALFINGER AG, representing around 7.5% of the company’s share capital. The shares were sold at a price of €35.40 per share, resulting in gross proceeds of approximately €100 million.

The transaction was executed via a Rule 144A/Reg S accelerated bookbuilding process. The placement was multiple times oversubscribed and significantly increases PALFINGER’s free float to 43.5%.