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With significant support from anchor shareholder Acciona and a high take-up ratio of 96.3%, the transaction was a great success. UniCredit and Nordex have been partners for many years, jointly working on the energy transition in Europe.
The Nordex Group is an important driver of the global transition to renewable energy. Their focus is on making renewable energy as affordable as possible by continuously reducing the cost of energy (COE) from newly installed wind power turbines. Today, wind energy is already the most economical electricity source in many places and the Nordex Group’s COE programme continues to actively promote the expansion of such alternative energies.
With the Rights Offer, the company aims to strengthen its capital structure by increasing its equity ratio in the current volatile environment for the wind industry. Nordex believes the increased cash position will safeguard against risks from the short-term headwinds affecting the industry, and also further improve its delivery to customers.
A conversation with...
Patrick Tremer, Associate Director, Equity Capital Markets
What did this transaction mean for UniCredit?
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Patrick Tremer,
Associate Director, Equity Capital Markets
UniCredit acted as Global Coordinator and Joint Bookrunner on the transaction which has been the largest German Rights Issue in 2022. The transaction was a great success, and we had a leading role advising the client on the structure as well as eventually executing and marketing the transaction to our broad base of investors. This demonstrates our strong position in the market, and I am proud that I was part of the team which has successfully worked on this deal.
How has it contributed to our Bank’s overall strategy?
UniCredit acted as Global Coordinator and Joint Bookrunner on the transaction which has been the largest German Rights Issue in 2022. The transaction was a great success, and we had a leading role advising the client on the structure as well as eventually executing and marketing the transaction to our broad base of investors. This demonstrates our strong position in the market, and I am proud that I was part of the team which has successfully worked on this deal.
How did this project enable us to deliver on our Purpose: empowering communities to progress?
UniCredit acted as Global Coordinator and Joint Bookrunner on the transaction which has been the largest German Rights Issue in 2022. The transaction was a great success, and we had a leading role advising the client on the structure as well as eventually executing and marketing the transaction to our broad base of investors. This demonstrates our strong position in the market, and I am proud that I was part of the team which has successfully worked on this deal.
