Aventron bags USD 58m in capital raise

Swiss green power producer Aventron AG announced today it has raised CHF 55.2 million (USD 58.3m/EUR 51.9m) in a capital hike to support its growth in the renewable energy sector.

The company said that close to 5.26 million new registered shares with an issue value of CHF 10.50 were subscribed and paid for in cash on June 25. The transaction raised Aventron’s market capitalisation to about CHF 515 million, it noted.

Credit Mutuel Equity, a private equity unit of Credit Mutuel Alliance Federale previously known as CIC Capital, has acquired a 5.8% Aventron stake in the capital raise by investing CHF 30 million.

Some long-term investors of the Swiss renewables company also took part in what was Aventron’s eight capital increase to date.

(CHF 1.0 = USD 1.056/EUR 0.940)

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