Business & Finance
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.