HEXPOL executes a rights issue raising SEK 550 million
HEXPOL conducts a rights issue raising approximately SEK 550 million to finance part of the acquisition of Excel Polymers and create financial flexibility for future expansion and acquisitions. The rights issue was approved by the Extraordinary General Meeting
on 7 February.
HEXPOL is a world-leading polymers group with approximately 3,000 employees in nine countries and sales of approximately SEK 3.8 billion in 2010. The group is headquartered in Malmö, Sweden and the company is listed on NASDAQ OMX Stockholm.
HEXPOL is advised by Mannheimer Swartling on the transaction. The firm’s team is led by Johnny Andersson and includes, among others, Lisa Fennhagen, Adam Göransson, Richard Edström and Håkan Knutsson.