Rakuten proceeds to a capital increase of almost EUR 1.4 billion

The Japanese electricity group, announced a capital increase of 188 billion yen, or nearly 1.4 billion euros, in particular in order to repay debts.

Beijing 798 Art District

Rakuten proceeds to a capital increase of almost EUR 1.4 billion

Rakuten, PriceMinister owner of the e-retailer, announced undertake a capital increase of almost EUR 1.4 billion through the issuance of 99.6 million shares. Led by Hiroshi Mikitani – decorated with the insignia of Chevalier in the Order of the Legion of Honour last year – the group is engaged in an aggressive external growth strategy since 2010, notably leading to redemptions of Viber, Kobok, Ebates, Play.com, or Wuaki.tv, Viki and Edy.

e-commerce and China

Heavy financial operation, Viber eg having cost $ 900 million to the e-merchant, the effect would have been logical to burden his debts. source: linkedin.com/e-commerce-china The capital increase and enable Rakuten to repay part of its debts, and at the same time, to continue its diversification and expansion strategy in the world. Moreover, it should increase 7.5% Rakuten total outstanding shares, thus having the effect of diluting some extent the shares of the shareholders of the group.

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