Rexel completes EUR 500 million raise. Rexel stock sits below EUR 34.75 issue price

Published on 10/20/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The GCG deal gets EUR 500 million in equity. Rexel stock costs EUR 31.76 on October 20, 2026, below the EUR 34.75 issue price set September 29, 2026.

Acquisition financing and reporting date

Rexel placed 14,388,490 new shares on September 29, 2026.
GCG carries an enterprise value of USD 1.4 billion at less than 8 times estimated 2026 EBITDAaL.
Rexel stock trades at EUR 31.76 at 1:21 p.m. CEST at Lang & Schwarz on October 20, 2026.

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Rexel (ISIN FR0010451203) completed a EUR 500 million capital increase on September 29, 2026, placing 14,388,490 new shares to help fund its GCG acquisition. The stock was trading at EUR 31.76 at Lang & Schwarz at 1:21 p.m. CEST on October 20, 2026, below the EUR 34.75 issue price.

GCG deal sets the financing frame

According to GlobeNewswire on September 29, 2026, the new shares represented 4.6 percent of Rexel's share capital before the issue. The proceeds are intended to partially finance the acquisition and support a net financial debt to EBITDAaL ratio of approximately 2.0 times from 2027.

Rexel agreed to acquire GCG on September 25, 2026. The company said in its release that the US infrastructure platform operates 16 locations, employs approximately 950 people and is expected to generate more than USD 1.1 billion of revenue in 2026. The transaction values GCG at USD 1.4 billion, or less than 8 times estimated 2026 EBITDAaL, including expected run-rate synergies, according to Rexel.

What comes next for sales?

The chronology is clear: Rexel announced the GCG agreement on September 25, 2026, with a USD 1.4 billion enterprise value; it completed the EUR 500 million equity raise on September 29, 2026, with 14,388,490 shares; and it will publish third-quarter sales on October 22, 2026. The next reporting event is scheduled for October 22, 2026, at 5:45 p.m. CET, followed by a presentation at 6:00 p.m. CET, according to Rexel. The GCG transaction is expected to close by the end of 2026, subject to regulatory approvals and other closing conditions.

For investors, the October sales release will provide the first operating update after the acquisition announcement and the equity financing. Rexel's 52-week range was EUR 28.37 to EUR 39.80 as of October 20, 2026, while its market capitalization was EUR 9.8 billion. The current price is 19.08 percent below the 52-week high, calculated from the same market snapshot.

Stock price and financing risk

The financing structure combines equity, cash and debt. Rexel said the capital increase was designed to preserve its credit rating, but the issue also diluted a shareholder holding 1 percent before the transaction to approximately 0.96 percent on a non-diluted basis after the issue, according to GlobeNewswire. The balance between GCG integration, revenue growth and leverage will therefore shape the next investment debate.

Rexel was trading at EUR 31.76 at Lang & Schwarz on October 20, 2026 at 1:21 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Rexel stock.