Germany’s DEAG raises €6m for acquisitions
Following its market delisting, the newly private DEAG has raised €6.06m by way of a cash capital increase to fund future expansion
News By IQ | 5 May 2021
Berlin-based live entertainment group DEAG has raised more than €6 million to fund future acquisitions in “key markets”, it announced today (5 May).
The company recently delisted from the stock market after 23 years as a listed company, with CEO Peter Schwenkow telling IQ that DEAG (Deutsche Entertainment AG) could raise more funds as a private company than on the financial markets.
To raise the new funding – €6.06m in total – DEAG will increase its share capital by 1,962,597 new shares, or…
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