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Lenzing shares plunge 14.6% after €300 million rights issue

Verifying
  • Lenzing launched a €300 million rights issue to finance restructuring and strengthen its balance sheet.
  • €8.65 per share represents a 42.5% discount to Wednesday’s theoretical ex-rights price.
  • Lenzing plans production closures at Heiligenkreuz by Q1 2027 and Grimsby by end-2027.
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