Hengeler Mueller advises on capital increase of Talanx AG in combination with the placement of Talanx-shares of the majority shareholder HDI V.a.G. with an aggregated placement volume of EUR 400 million

Talanx AG successfully placed a capital increase today, thereby increasing its free float, enhancing the trading liquidity of its shares and further strengthening its position in equity indices. New shares in a volume of approx. EUR 300 million from an authorised capital under simplified exclusion of subscription rights were allocated to institutional investors via an accelerated bookbuilding process. In addition, the majority shareholder HDI V.a.G. placed Talanx shares in a volume of approx. EUR 100 million from its holdings at the same terms, reducing HDI V.a.G.’s shareholding in Talanx’s to 76.7%.

The prospectus-free admission of the new shares to trading in the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) at the Frankfurt Stock Exchange and the Hannover Stock Exchange is expected to take place on 25th September 2023.

Hengeler Mueller team

Capital Markets/Corporate: Dirk Busch (partner, lead), Caspar Haarmann (counsel, both Dusseldorf), Pascal Brandt (Dusseldorf/Frankfurt), Marian Aurin (Dusseldorf, both associates).