Infineon Places All New Shares, Apollo Takes 1.3% Stake
Last update: 8/4/2009 7:59:13 AM
DUESSELDORF (Dow Jones)--Infineon Technologies AG (IFX.XE) Tuesday said it placed all 337 million new shares of its capital increase, as financial investor Apollo Global Management LLC agreed to subscribe to 14 million new shares not subscribed by other shareholders.
Apollo, which initially aimed to build up a major stake in the German semiconductor company, is left with a 1.3% stake.
Infineon will gain a gross amount from the capital increase of around EUR725 million, it said.
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