The company said it would be issuing 955,570 new shares at €25 each, looking to raise €23,889,350. The company added that that sum could be increased by up to 15% to a maximum of €27,472,650. Existing shareholders are to be given first refusal on the share issue.
FRANCE: Vranken to increase capital
The Champagne house, Vranken Monopole, which recently acquired the Pommery Champagne business, has announced that it is to increase its capital by as much as €27.5m.