The admission follows the successful completion of an initial public offering with total gross proceeds of €3.8 billion, assuming full exercise of the over-allotment option, representing 15.20 per cent of the company’s issued share capital. The offering comprised €750 million of newly issued shares, a €2.554 billion secondary sale by the selling shareholder CSG FIN a.s., and an over-allotment option of up to approximately €496 million.
The IPO values the group at €25.0 billion at the final offer price and attracted strong demand from global institutional investors. Cornerstone commitments totalled €900 million from Artisan Partners, certain funds and accounts managed by BlackRock, and Al-Rayyan Holding LLC, a wholly owned subsidiary of the Qatar Investment Authority.
Commenting on the listing, Michal Strnad said: “Today marks a historic milestone for CSG as we join the Euronext Amsterdam market and we welcome the confidence shown in us by investors.” He added: “Becoming a publicly listed company demonstrates our commitment to high standards of transparency, disclosure and corporate governance and strengthens our ability to invest in innovation, expand our global reach and deliver on our mission to be a critical long-term supplier of advanced defence and industrial solutions to NATO states and Government partners worldwide.”
