Clifford Chance advised the underwriters in connection with the capital increase of AGRANA Beteiligungs- Aktiengesellschaft, which consisted of two tranches with a total of 1,420,204 new shares and 500,000 existing shares held by Südzucker AG placed to investors at a price of EUR 100 per share. Berenberg, BNP Paribas, Erste Group and Raiffeisen Bank International acted as Joint Global Coordinators and Bookrunners.

The capital increase was structured with a pre-placement, a subscription rights offering and a rump placement. AGRANA is a globally operating industrial processor of agricultural raw materials headquartered in Vienna, Austria, with a presence in 24 countries. Its sugar, starch and fruit segments manufacture high quality foods and intermediate products for the down-stream food industry as well as for non-food applications.

AGRANA intends to use the net proceeds from the issuance of the new AGRANA shares to finance further profitable growth, including through acquisitions. Furthermore, the Offering is intending to increase the free float of AGRANA.

The shares of Agrana are traded on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange in the Prime Market segment on the Vienna Stock Exchange.

The Clifford Chance team consisted of Partner Dr. George Hacket (lead), Sebastian Maerker, Counsel Barbora Moring, and Associate  Philippa Winter(all Banking & Capital Markets, Frankfurt).