Eglisau/Zurich, Switzerland, December 15- Forbo Holding AG said it has successfully completed its capital increase, raising gross proceeds of 200 mln sfr ($175.3 million) for the further development of its adhesives, belting and flooring businesses.
The capital increase was made through the issue of 1.36 mln new registered shares at a nominal value of 20 sfr ($17.53) each. Shareholders were offered one new registered share for 150 sfr (131.51) each.
Forbo is the subject of a takeover offer by private equity group CVC Capital Partners, which is currently conducting due diligence on the Swiss company's books.
Forbo said its priorities will be restructuring its flooring business and accelerating growth in adhesives.
