Rexel completes EUR 500 million raise as Rexel stock trades 0.26 percent above EUR 34.75

Published on 10/01/2026 at 14:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rexel placed 14.39 million new shares at EUR 34.75 on September 29, 2026. Rexel stock costs EUR 34.84, down 0.99 percent from EUR 35.19.

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Rexel stock (ISIN FR0010451203) was trading at EUR 34.84 at Lang & Schwarz on October 1, 2026 at 2:41 p.m. CEST, down 0.99 percent from the prior close of EUR 35.19. According to Yahoo Finance on September 29, 2026, Rexel completed a EUR 500.00 million capital increase, issuing 14.39 million new shares at EUR 34.75.

Capital increase changes the setup

The new shares represented 4.60 percent of Rexel's pre-issue share capital. The subscription price stood 0.26 percent below the Lang & Schwarz price at the time of this article, leaving the stock only EUR 0.09 above the issue level.

Investing.com reported on September 30, 2026 that the discounted placement and expected dilution were weighing on the shares. The proceeds are intended to help finance Rexel's planned acquisition of GCG, announced on September 25, 2026.

Revenue growth meets higher leverage

Rexel reported EUR 9.99 billion in revenue for the first half of 2026, up 2.20 percent on a reported basis, according to Ideal Investisseur. The same report lists EUR 827.00 million of EBITDA, EUR 340.30 million of net income and EUR 247.30 million of free cash flow for the period.

Net financial debt reached EUR 3.32 billion at the end of the first half, up EUR 690.00 million from the end of 2025. That balance makes the capital increase financially relevant beyond the immediate share-count dilution.

Analyst target sits above the price

Ideal Investisseur reported that CIC Market Solutions upgraded Rexel from Hold to Buy on September 28, 2026, raising its price target from EUR 34.00 to EUR 44.00. The target lies 26.29 percent above the Lang & Schwarz price, although the report also identifies the higher debt load as a risk.

Rexel stock stays near the issue price

Rexel was trading at EUR 34.84 at Lang & Schwarz on October 1, 2026 at 2:41 p.m. CEST, down 0.99 percent versus the prior close of EUR 35.19. The 52-week range is EUR 27.41 to EUR 39.80, while market capitalization is EUR 10.3 billion as of October 1, 2026.