Bids below EUR18.63 per share from investors participating in the Private Placement “will probably not be taken into account”, DEI.
As noted, due to high demand the offer is expected to reach €4.25 billion (up from €4 billion, which was the original target).
In particular, PPC states that :
– Given the strong demand expressed during the bid book process until 19 May 2026, bids below EUR 18.63 per New Share will likely not be considered for the purposes of the allocation.
– The target offer size is expected to be approximately EUR 4.25 billion.
– The orders received by 19 May 2026 represent demand multiple times the number of New Shares available at the above price and for this offer size.
