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MPC Capital raises €17.3M in share offering

German investment manager MPC Capital AG completed the placement of 3,042,790 new no-par-value ordinary bearer shares at €5.70 apiece, generating gross proceeds of €17.3 million.

The capital increase takes the company's nominal share capital to approximately €33.5 million from €30.4 million. Settlement and payment of the new shares is expected to take place March 6.

Proceeds from the offering will be used to finance growth and MPC Capital's plans to make equity co-investments in connection with new tangible asset investments.

The shares will carry full dividend rights from Jan. 1, 2017. Joh. Berenberg Gossler & Co. KG carried out the placement by means of an accelerated book building to qualified investors outside the U.S. and qualified institutional buyers in the U.S.