Egger spokesperson Thomas Leissing said the company was excited about investor confidence in Egger. Proceeds will be used for general corporate financing and optimising of Egger’s financial structure, with the aim to provide credit lines for future investments and acquisitions, as well as to strengthen the equity base.
Egger generated €2.1bn of sales in the 2012-13 financial year, with earnings before interest, tax, depreciation and amortisation (EBITDA) of €298m.
