HÖRMANN Group moves to new ‘Scale’ segment for SMEs

HÖRMANN Finance GmbH and its existing corporate bond (German Securities Code Number [WKN]: A2AAZG) will move to Deutsche Börse AG’s new ‘Scale’ segment when it launches on 1 March 2017. The successor to the Entry Standard for small and medium-sized enterprises (SMEs) offers increased transparency for investors thanks to more stringent admission and follow-up obligations. The company has already engaged equinet Bank AG as its Deutsche Börse Capital Market Partner.

Johann Schmid-Davis, CFO of HÖRMANN Finance GmbH, commented, ‘With the successful refinancing of our bond last year, we made a conscious decision to remain on the capital market. That meant it was only logical for us to take the opportunity presented by the new segment to set ourselves apart from others on the market by means of quality and transparency and to reinforce the confidence of our investors.’