LENZING

As part of the fully underwritten capital increase, 34,411,626 of the planned 34,756,362 new shares were subscribed, corresponding to a subscription rate of 99.0%. The subscription price was EUR 8.65 per new share, and the rights offering targets gross proceeds of around EUR 300 million. The syndicate of B&C Gruppe and Suzano subscribed 18,159,291 shares (approx. 52.25%) and Oberbank subscribed 1,344,177 shares (approx. 3.87%). The remaining unsubscribed shares will be offered by the syndicate banks on the market at no less than the subscription price; trading and delivery of the new shares are expected to take place on 23 October 2026, subject to registration in the commercial register. » Plus sur finanzen.net

Lenzing is carrying out a fully underwritten cash capital increase with subscription rights, targeting gross proceeds of around EUR 300 million. The offer comprises 34,756,362 new shares at a subscription price of EUR 8.65 (subscription ratio 10 to 9) and is subject to approval of the prospectus by the FMA. A syndicate from the B&C group and Suzano, together with Oberbank, have committed to fully exercise their subscription rights and to a customary six‑month lock‑up; the subscription period is expected to run from 6 to 20 October 2026. » Plus sur finanzen.net

At fiber producer Lenzing, the unusually high water temperature of Lake Attersee (currently around 24°C) and increasing water scarcity are causing production problems at the Lenzing site. The company denies rumours of an impending production halt and stresses that production is running as planned, but it is closely monitoring the hydrological situation and in contact with authorities. A planned intake from cooler deep-water layers has not yet been implemented, so short-term operational adjustments and accelerated maintenance could be used as responses. Nationwide, industry-related water use volumes are largely unknown; a central withdrawal register for major users is planned to improve forecasting and preparedness for extreme weather events. » Plus sur kurier.at

The ATX fell 0.32 percent to 6,334.06 points. Lenzing plunged 14.1 percent after announcing 2,000 job cuts by the end of 2027 and a capital raise of up to €300 million. Palfinger lost 9.8 percent after reporting results, AT&S fell 7.3 percent, while energy stocks also declined on lower oil prices. Raiffeisen stood out as the biggest gainer, up 3.6 percent; markets are also watching the Fed interest-rate decision. » Plus sur finanzen.net

Lenzing plans to cut around 2,000 jobs by the end of 2027 and to phase out production in Heiligenkreuz and Grimsby with subsequent plans to sell the sites. The move is driven by several years of losses, high energy prices, strong competition from Asia and strains from the US tariff conflict. Major shareholders B&C and Suzano are to provide up to €600 million for the realignment, aiming for higher profitability and a focus on higher‑value fibers. For 2026 Lenzing expects impairments on property, plant and equipment of up to €150 million, which will weigh on group results. » Plus sur faz.net