Wilex raises EUR 16.1M

Wilex AG (Xetra:WL6) raised EUR 16.1 million ($19.9 million) through the sale of 4.4 million shares at EUR 3.70 in a rights offering. The price is a 1% discount to Wilex's close of EUR 3.74 on Aug. 2, before the company proposed the offering. Shareholders were eligible to purchase three new shares for every 11 held. Additionally, majority shareholder dievini Hopp BioTech received EUR 7.8 million ($9.6 million) worth of Wilex shares to repay dievini's December 2010 loan to Wilex. Landesbank Baden-Wuettemberg was the lead manager and bookrunner. Wilex was off EUR 0.05 to EUR 3.70 on Friday. ...