Network Corporate Finance advised the board of H&R WASAG AG on the conversion of preferred shares without voting rights into ordinary shares, and provided a corresponding fairness opinion..

 Transaction

Following a shareholder application and resolution at the Annual General Meeting, the company has converted preferred shares without voting rights into ordinary shares.


Target company

H&R WASAG AG is an internationally active supplier of specialist chemical products based on crude oil. The corporation is a specialist chemical supplier in the fields of chemical / pharmaceutical raw materials and plastics and is the market leader in several niche markets.


Key facts

Transaction value: not disclosed
Sector: Chemicals
Sales: EUR 798 million (2007)
Employees: 1,227
Date: June 2008


Client

H&R WASAG AG, Salzbergen


The role of Network Corporate Finance

Network Corporate Finance advised the Board on the assessment of the appropriateness of the conversion ratio and the conversion of the preferred shares without voting rights into ordinary shares, and provided a corresponding fairness opinion.