Satellite Maker OHB Adds Banks to €1 Billion ‘Re-IPO’

OHB SE has picked more investment banks to help arrange a planned share offering that could raise more than €1 billion ($1.2 billion), according to people familiar with the matter, as the satellite maker looks to tap into rising investor demand for space stocks.

The Bremen, Germany-based group has selected Berenberg and Commerzbank AG to assist with the stock sale, said the people, who asked not to be identified discussing private information. Jefferies Financial Group Inc. and UniCredit SpA will also work on the offering, they said.