German scientific publisher Springer Science in IPO

June 5, 2013

German scientific, medical and technical publisher Springer Science + Business Media said Wednesday that it plans to go public via the issue of new shares.

Springer Science + Business Media said in a statement that it "confirms the plan to list its shares on ... the Frankfurt Stock Exchange before the summer break."

The intended (IPO) "consists of a capital increase of approximately 760 million euros ($995 million)," the statement said.

Springer said it would use the expected net proceeds of the IPO to "further reduce its debt, thereby increasing the financial flexibility of the company."

Springer Science + Business Media is currently indirectly controlled by funds advised by EQT Partners (EQT) and GIC Special (GICSI), which will "retain a majority of the share capital post IPO," the statement added.

In 2012, the company booked sales revenues of 976.3 million euros and underlying or of 343.7 million euros.

Explore further: SAP confirms forecasts after 'solid' first quarter

Related Stories

Intelsat plans scaled-back IPO in New York (Update)

April 2, 2013

Satellite operator Intelsat Global Holdings revived Tuesday its plan for an initial public offering on the New York Stock Exchange, aiming to raise up to $710 million, less than half of what it envisioned last year.

Axel Springer buys 76 pct of Poland's Onet portal

June 4, 2012

Poland's TVN commercial media group said Monday it had sold 76 percent of Onet, a major Polish Internet portal, to Germany's Axel Springer media for nearly 969 million zloty (220 million euros, $275 million).

Higher prices for MS drug help drug firm Merck

May 14, 2013

(AP)—Higher prices for its multiple sclerosis drug Rebif helped German pharmaceutical and high-tech materials company Merck KGaA post a 54 percent rise in first-quarter profit.

Recommended for you

Volvo to supply Uber with self-driving cars (Update)

November 20, 2017

Swedish carmaker Volvo Cars said Monday it has signed an agreement to supply "tens of thousands" of self-driving cars to Uber, as the ride-sharing company battles a number of different controversies.

New method analyzes corn kernel characteristics

November 17, 2017

An ear of corn averages about 800 kernels. A traditional field method to estimate the number of kernels on the ear is to manually count the number of rows and multiply by the number of kernels in one length of the ear. With ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.