Overview
- OHB disclosed on Monday, June 15 that it will issue new shares to raise roughly €500 million gross in a capital increase.
- The Fuchs family and investor Orchid Lux (linked to KKR) will waive subscription rights so most new shares and part of KKR’s stake can be placed with investors.
- Reports say KKR plans a partial sale of its holding of about one third, while the Fuchs family says it will keep majority voting control.
- The stock fell about 10 percent in initial trading and the company has named advisers including Rothschild, KKR Capital Markets, Deutsche Bank, J.P. Morgan and Goldman Sachs while final price and allocation remain undecided.
- OHB says net proceeds will industrialize production, back investments in launch vehicles and future programmes, and the move is presented as a market re‑entry to raise free float and attract institutional investors amid rising demand for European space capabilities.