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%.
