IMCD N.V. (GB:0QVU) has released an update.
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IMCD N.V. is launching a capital raise of EUR 300 million through an accelerated bookbuilding offering to institutional investors, aiming to enhance financial flexibility and strengthen its balance sheet. This move is expected to support IMCD’s growth strategy in the speciality chemicals and ingredients distribution market by reducing financial leverage and providing a solid foundation for future initiatives. The capital raise represents approximately 3.5% of the company’s total issued share capital.
For further insights into GB:0QVU stock, check out TipRanks’ Stock Analysis page.