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Manz Automation AG receives capital increase; moves to Prime Standard market
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Manz Automation, the automation component specialist, has announced its receipt of an increase in capital, which was today approved by the Supervisory Board. In total, 896,011 new shares were issued with a subscription ratio of 4:1 from June 13th to 27th, 2008. The company has also been added to Frankfurt Stock Exchange’s Prime Standard Market.
The subscription cost of the new shares will be decided and published on June 23. Manz Automation has expressed an interest in investing in its systems solar division via acquisitions and refunding of previous acquisitions. It also plans to set up a technology and training center at its headquarters in Reutlingen, Germany.
By Síle Mc Mahon
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