By Pietro Lombardi 
 

Siemens Healthineers AG is launching a capital increase of roughly 2.3 billion euros ($2.73 billion) and already has demand from an investor for 16% to 17% of the targeted offer.

The German medical-equipment maker said Wednesday that the new shares will be offered to institutional investors only, in a private placement via an accelerated bookbuilding process. The number of new shares and the placement price will be announced once the accelerated bookbuilding process is completed.

The company has already received demand from an anchor investor for 16% to 17% of the targeted emission at current market price, it said.

The funds raised through the capital increase will be used to replace part of a loan related to the acquisition of Varian Medical Systems Inc.

"Beyond this capital increase, the Siemens Healthineers managing board does not plan any further placement of shares for the financing of the planned acquisition of Varian Medical Systems," it said.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

March 24, 2021 13:28 ET (17:28 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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