Arteche raises ~€100M in accelerated share placement
What's the deal? Arteche, the Spanish electrical-grid equipment maker recently listed on the Spanish exchanges, has completed an accelerated share placement raising roughly €100 million. The deal combined a capital increase with secondary sales of existing shares.
Banco Santander acted as senior global coordinator, working alongside JB Capital Markets and Kutxabank Investment.
Why it matters. The placement is designed to lift Arteche's free float and trading liquidity following its recent listing, while funding organic growth and acquisitions.
Read more: Forbes
