EUROPE/MIDDLE EAST/AFRICA

摘要

Sensor maker AMS will launch a €1.65bn rights issue by the end of this month or early March in a fundraising backing its acquisition of German lighting company Osram. Chief financial officer Michael Wachser-Markowitsch confirmed the timing after the company reported 2019 results showing full-year revenues up 32% and fourth-quarter revenues exceeding expectations. HSBC and UBS provided a volume underwrite for the capital increase when AMS launched its bid for Osram last year. AMS secured close to 60% of Osram shares in December and AMS shareholders approved the capital increase in January.