Wed, Apr 3rd 2024
Meyer Burger achieves it’s goal of raising CHF 206.75 million through a capital increase to fuel its expansion in the USA.
Meyer Burger has reached its goal: the solar company has secured fresh money with a capital increase. Specifically, Meyer Burger raised a gross amount of CHF 206.75 million as part of the transaction.
The first trading day of the new shares on the Swiss stock exchange is expected to be April 5, as Meyer Burger announced on Wednesday.
Once the transaction has been completed, the company will have 23.7 billion registered shares with a nominal value of one centime each outstanding.
Meyer Burger intends to use the money to finance its planned expansion in the USA.
Production in Freiberg, Germany, on the other hand, was shut down because no funds were granted to promote solar products from domestic production.
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