Today, the international media company Bertelsmann has launched an accelerated bookbuilding offering to institutional investors of up to two million ordinary shares of RTL Group, which owns Penguin Random House.
The offer is the result of not exercising an over-allotment option in Greenshoe in spring 2013. The offered shares represent about 1.3 percent of RTL Group’s share capital.
Bertelsmann will continue to hold 75.1 percent of RTL Group’s ordinary shares and will remain a majority shareholder following the placement.
Deutsche Bank and Morgan Stanley are acting as Joint Bookrunners on the transaction.
Bertelsmann is an international media company whose core divisions encompass television (RTL Group), book publishing (Penguin Random House), magazine publishing (Gruner + Jahr), services (Arvato), and printing (Be Printers) in some 50 countries. In 2012, the company’s businesses, with their more than 100,000 employees, generated revenues of €16.1 billion.