News
22 Jul 2010
DLA Piper advises on capital increase of PC-Ware Information Technologies AG
News
Press Release
DLA Piper has advised PC-Ware Information Technologies AG, a majority shareholder of the Raiffeisen Informatik Group, on a capital increase with subscription rights. The company's shares are quoted on the Frankfurt Stock Exchange. DLA Piper advised on stock corporation and capital market law. As part of the increase from authorised capital, shareholders were offered 8.34 million new shares during the subscription period up to 12 July 2010, at a price of €19.50 per share. The subscription rate was 95 percent. Non-subscribed shares were placed privately. With this transaction, PC-Ware Information Technologies generated approximately €35.94 million.
Based in Leipzig, PC-Ware Information Technologies AG is one of the market leaders in software licensing in Europe and a provider of IT services and solutions in the software and data centre segment. In the 2008/2009 financial year the company generated sales revenue of €890 million.
The DLA Piper team included the partners, Kerstin Schnabel (Cologne) and Dr. Christoph Papenheim (Frankfurt), as well as associates, Uta Carpier and Dr. Anja Köritz (both from Cologne).
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