Home Business & Finance German Satellite Maker OHB Seeks €500 Million to Fuel Growth
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German Satellite Maker OHB Seeks €500 Million to Fuel Growth

German Satellite Maker OHB Seeks €500 Million to Fuel Growth
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Space German Satellite Maker OHB Seeks €500 Million to Fuel Growth German satellite maker OHB SE is kicking off a stock offering to help it contribute to Europe’s space and defense programs as well as increase its free float. The Bremen, Germany-based firm is selling shares worth around €500 million ($580 million) in a fully marketed offering, according to terms seen by Bloomberg. Private equity group KKR & Co. Inc., which currently owns about 29% of its shares, is also looking to sell...

Space German Satellite Maker OHB Seeks €500 Million to Fuel Growth German satellite maker OHB SE is kicking off a stock offering to help it contribute to Europe’s space and defense programs as well as increase its free float. The Bremen, Germany-based firm is selling shares worth around €500 million ($580 million) in a fully marketed offering, according to terms seen by Bloomberg. Private equity group KKR & Co. Inc., which currently owns about 29% of its shares, is also looking to sell shares, although the size of the deal is yet to be confirmed.
German Satellite Maker (ORG) Europe (LOCATION) Bremen (LOCATION) Germany (LOCATION) Bloomberg (ORG) KKR & Co. Inc. (ORG)
Originally published by Bloomberg Markets Read original →