Rexel Launches EUR 500 Million Capital Increase

By Reuters News

Sept 28 (Reuters) - Rexel SA RXL.PA:

  • LAUNCH OF AROUND EUR 500 MILLION CAPITAL INCREASE, WITHOUT SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHT, TO PARTIALLY FUND ACQUISITION OF GCG

  • NET PROCEEDS FROM CAPITAL INCREASE TO PARTIALLY FINANCE GCG ACQUISITION

  • BOOKBUILDING PROCESS STARTS IMMEDIATELY; REXEL MAY CLOSE PLACEMENT OR CHANGE TERMS

  • SETTLEMENT AND DELIVERY OF CAPITAL INCREASE EXPECTED ON OR AROUND OCT 1, 2026

  • FINAL NUMBER OF NEW SHARES AND ISSUE PRICE EXPECTED BY SEPT 29, 2026

Further company coverage: RXL.PA

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