Ashurst advises Biotest on a rights issue with pre-placement to raise approximately €76 million
Ashurst advised Biotest AG as transaction counsel on its successful capital increase with subscription rights from authorised capital. The gross issue proceeds from the capital increase amount to approximately €76 million. The company plans to use the proceeds to create and extend new production capacities at its main production site in Dreieich, near Frankfurt. equinet Bank AG acted as sole global coordinator in the transaction.