Heidelberg targets growth in packaging after strategic investment from Masterwork
China-based finishing equipment manufacturer Masterwork has taken an 8.5 percent shareholding in Heidelberg.
Heidelberg has completed a capital increase, amounting to around 9.2 percent of the existing share capital. The cash capital increase decided on by the management board and supervisory board of Heidelberg sees Masterwork become a further strategic anchor investor.
Based on the agreed issue price of €2.68 per share, this represents an inflow of capital amounting to some €69 million (before transaction costs). The company’s new share capital has been increased to €779,466,887.68, distributed across 304,479,253 no-par shares.
As well as improving shareholder’s equity, the new funds are primarily to be used to accelerate the company’s digital agenda (digitizing products, processes and business models) and for general business financing.
Taking the collaboration with Masterwork, which dates back to 2014, to the next level is also designed to open up further potential in the growing packaging printing segment, especially in China – the world’s largest individual market.