Announcement
OHB SE, the German space‑technology group, disclosed that it had completed the sale of approximately 1.6 million new shares at an issue price of €300 per share, generating roughly €482 million in proceeds.
Pricing and Market Reaction
The issue price of €300 represented a 26% discount to the closing price of €405.50 recorded on the trading day before the announcement (June 22). Following the news, OHB shares fell 4% to €299 on the trading day of the announcement.
Offering Details
The company had planned to issue 1.7 million shares; 1.6 million have now been sold, leaving 97,000 shares to be offered to existing minority shareholders. The remaining tranche is expected to be completed no later than July 8. If the entire programme is fully subscribed, total capital raised could reach the targeted €510.7 million.
Use of Proceeds
OHB indicated that the funds will be primarily directed toward expanding its production capacity. Additional allocations will support planned acquisitions, investments in launch‑vehicle programmes, and other forthcoming space‑related projects.
Company Operations
OHB operates in satellite manufacturing and participates in two launch‑vehicle programmes through its subsidiary MT Aerospace, a major supplier to the Ariane 6 programme, and through its stake in Rocket Factory Augsburg. The group also takes part in future space‑infrastructure initiatives such as the European Moonport Company and Dassault’s VORTEX spaceplane project.
Management Comment
CEO Marco Fuchs described the strong investor interest in the offering as evidence that OHB sits at the centre of Europe’s expanding space sector.