Zooplus aims for international growth
Dec 4, 2010
For every twelve of their old shares, Zooplus shareholders are being offered a new share at the purchase price of € 42. The issue should raise around € 9 mio for the company, which it says is to be invested in further international growth. According to the firm, the funds raised are to be used specifically to consolidate the private label sphere and speed up international distribution. In addition, positive effects resulting from an increase in the equity ratio on the balance sheet are expected in the sphere of international buying and European working capital management.
