Tag Archives: CapLaw-2023-20
CHF 135 Million Rights Offering by Orascom Development Holding AG
In April 2023, Orascom Development Holding AG carried out a successful capital increase by way of a rights offering. The transaction consisted of an offering of subscription rights and a backstop commitment by the majority shareholder for shares for which subscription rights were not exercised. Orascom issued 19,228,617 registered shares in a total amount of approximately CHF 135 million.