The textile and sporting equipment group Lafuma announced on Wednesday 27 May that they had raised €10.4 million from the sale of new shares, a large part of which were taken by the Caisse des Dépôts.

Lafuma collection 2009

The drive to increase capital launched on the 5th of May has brought in a total of €10.43 million through the sale of 1.3 million new shares and “has been fully subscribed”, according to a press release.

“This issue will see a strengthening of the group’s funds to €10.2 million and give the business the means to finance its strategy of development through organic growth,” explained Lafuma.

The Caisse des Dépôts has bought more than 500,000 of the new shares issued, making it a shareholder of Lafuma of “up to 14.6% of its social capital”.

Shares in Lafuma ended Wednesday 27 May at €8.38, seeing no change compared to before the issuance.

In the first half of the year Lafuma’s sales have incread by 7.2% to €129.4 million.