Linklaters has advised Volkswagen Group on the private placement of 11 million shares of TRATON SE through an accelerated bookbuilding process. The shares correspond to 2.2% of the share capital. The sale of the shares by its subsidiary Volkswagen International Luxembourg S.A. was aimed exclusively at institutional investors and generated proceeds of 360 million euros.
The transaction aims to enhance the free float and trading liquidity of TRATON shares, while Volkswagen Group intends to remain a committed and responsible shareholder in TRATON. Upon completion of the transaction, the Volkswagen Group will hold approximately 87.5% of TRATON’s share capital.
The transaction has been led by partners Achim Kirchfeld (Corporate/M&A, Düsseldorf) and Dr. Marco Carbonare (Corporate/M&A, Frankfurt).
Other team members are Rémy Bonneau (Partner, Corporate/M&A, Luxembourg), Peter Waltz (Partner, Capital Markets, Frankfurt), Marco Huchzermeier (Counsel, Corporate/M&A, Düsseldorf), Kevin Roy (US Counsel, Berlin), Alain Farana (Counsel, Corporate/M&A, Luxembourg/Stockholm), Alexander Auster (US Associate, Frankfurt), Dimitrij Voronov (Associate, Corporate/M&A, Düsseldorf), Vanessa Azad (Associate, Corporate/M&A, Luxembourg/Munich).
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