Infineon Technologies AG placed 55 million new shares, following an accelerated bookbuilding process with institutional investors, under the exclusion of subscription rights. The shares were placed at a price of € 19.30 per share resulting in gross proceeds of approximately € 1.06 billion.
After deducting commissions and expenses the funds will be used to repay a part of the acquisition financing provided by banks for the purchase of Cypress Semiconductor Corporation.
This information is available online at
https://www.infineon.com/cms/en/about-infineon/press/press-releases/2020/INFXX202005-060.html