the swiss times
en_GB English
en_GB English de_DE German fr_FR French es_ES Spanish ar Arabic
the swiss times

Meyer Burger Secures Funding with Capital Increase for US Expansion

Meyer Burger Secures Funding with Capital Increase for US Expansion

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.

Keystone/ROBERT MICHAEL

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.

©Keystone/SDA

Related Stories

Foreign Minister Cassis Meets With The European Council
Thumbnail

14 May 2024

At the Council of Europe's meeting in Strasbourg, discussions will center on Ukraine support and AI regulation, marking...

Organic Farming Expansion in Swiss Agriculture
Thumbnail

14 May 2024

Organic farming gains ground in Switzerland, increasing its reach across farm units and agricultural land, despite a...

Swiss Auction For Michael Schumacher Watches Fetches Over 3 Million
Thumbnail

15 May 2024

Schumacher's watch auction in Geneva features an exclusive F.P. Journe piece, selling for 1.2 million euros. ...

Vetropack Layoffs: Employees Demand Compensation
Thumbnail

16 May 2024

Amid planned layoffs, Vetropack employees push for a social plan and the preservation of jobs at the Saint-Prex site....

Logitech May Increase Dividends
Thumbnail

15 May 2024

Logitech to boost its dividend to CHF 1.16 per share for 2023/24, reflecting robust financial health and shareholder...

Sunflower Oil Prices in Switzerland Remain High
Thumbnail

14 May 2024

Despite global declines in sunflower oil prices, Swiss consumers still pay significantly more, raising concerns about...

Swiss Re Exceeds Expectations with Strong Q1
Thumbnail

16 May 2024

Swiss Re kicks off 2024 with impressive Q1 earnings of $1.09 billion, outpacing estimates thanks to a strong investment...

Stay in Touch

Noteworthy

Swiss Insurance Helvetia Restructuring
Noteworthy
16 May 2024

Swiss Insurance Helvetia Restructuring

Sunrise Switzerland Looks To IPO
Noteworthy
3 May 2024

Sunrise Switzerland Looks To IPO
the swiss times
A production of UltraSwiss AG, 6340 Baar, Switzerland

Quick Links

Home Privacy GTC Contact Us About Us
Copyright © 2024 UltraSwiss AG 2024 All rights reserved