Funding
Lenzing's €300 million rights issue draws 99.0% subscription, led by B&C Group and Suzano
By News Desk ·
Key takeaways
- Lenzing's approximately €300 million capital increase drew a 99.0% subscription rights exercise ratio, with 34.41 million new shares subscribed by October 20, 2026.
- The syndicate formed by B&C Group and Suzano S.A. subscribed for 18,159,291 new shares, about 52.25% of the rights offering.
- Oberbank AG subscribed for 1,344,177 new shares, roughly 3.87% of the offering, at €8.65 per share.
Lenzing reported a 99.0% subscription rights exercise ratio for its approximately €300 million capital increase, with 34.41 million new shares subscribed by October 20, 2026, at 4 pm CEST. The Austrian fiber producer said managing banks will sell the remaining shares at no less than €8.65 each, with settlement and trading expected on October 23. The details were reported by B2B Marketplace.
Lenzing's €300 Million Rights Offering
Lenzing announced a fully underwritten capital increase against contribution in cash with subscription rights for existing shareholders, issuing 34,756,362 new no-par value bearer shares with dividend entitlement from January 1, 2026, at a subscription price of €8.65 per new share. The subscription period expired on October 20, 2026, at 11:59 p.m. CEST.
As of October 20, 2026, at 4:00 p.m. CEST, 34,411,626 new shares had been subscribed through the exercise of subscription rights, equivalent to the 99.0% ratio. The syndicate formed by the B&C Group and Suzano S.A. subscribed for 18,159,291 new shares, about 52.25% of the rights offering, while Oberbank AG subscribed for 1,344,177 new shares, roughly 3.87%.
Oberbank AG said on August 26, 2026 that it was publishing its 2026 half-year financial report under § 125 of the Austrian Stock Exchange Act, with the report available on the bank's website, according to FinanzNachrichten.de.
Lenzing's Funding and Revenue Records
Lenzing's funding records on akta.pro show one round: a $240.6 million post-IPO secondary in June 2024 led by Suzano, according to company records. The same records list 2025 revenue of €2.60 billion against analyst consensus of €2.64 billion, a 2.3% decline, and Q1 2026 revenue of €615.7 million. Adjusted EBITDA for 2025 rose 8% to €426 million, while Q1 2026 EBITDA was €116.3 million at an 18.9% margin.
| Figure | Period | Value |
|---|---|---|
| Revenue | 2025 | €2.60 billion |
| Adjusted EBITDA | 2025 | €426 million |
| Revenue | Q1 2026 | €615.7 million |
| EBITDA | Q1 2026 | €116.3 million |
How Lenzing's Capital Increase Was Approved
Lenzing's extraordinary shareholders' meeting on August 25, 2026 approved a capital increase of roughly €300 million via new bearer shares, to be completed by February 25, 2027, supporting the "Grow Nonwovens, Reset Textiles" strategy announced in July 2026, according to FinanzNachrichten.de. On October 1, 2026, Lenzing launched the fully underwritten capital increase with subscription rights, issuing 34,756,362 new shares at €8.65 each, The future of trading reported. FinanzNachrichten.de reported on October 12, 2026 that main shareholder Suzano did not fully participate in the capital raise, raising investor concerns, and that the fresh capital gives Lenzing three years of pause for its transformation into a non-wovens player.
Lenzing's October 23 Settlement Date
Settlement and delivery and the start of trading in the Prime Market segment of the Vienna Stock Exchange for all new shares under the existing ISIN AT0000644505 are expected on October 23, 2026, conditional on registration of the capital increase with the companies register. Lenzing reserved the right to terminate the offer.