Deutz falls after  €179 mln capital raise

** Shares in German engine maker Deutz DEZG.DE fall 5%, with a local trader pointing to dilution following the company's €179 million equity raise

** Deutz issued 15.3 million new shares at €11.70 apiece, increasing Deutz's share capital by 10% while diluting existing shareholders' holdings

** The accelerated bookbuild was targeted at institutional investors and excluded existing shareholders' subscription rights

** Capital increase provides fresh funds for Deutz's growth plans, the company says

** Up to the previous session's close, shares were up 44.6%​ YTD, according to LSEG data