{"id":1931,"date":"2019-09-04T16:10:46","date_gmt":"2019-09-04T14:10:46","guid":{"rendered":"http:\/\/relaunch.gsk.de\/?page_id=1931"},"modified":"2025-03-10T15:34:23","modified_gmt":"2025-03-10T14:34:23","slug":"kapitalmarkt","status":"publish","type":"page","link":"https:\/\/gsk.de\/de\/sektoren\/kapitalmarkt\/","title":{"rendered":"Kapitalmarkt"},"content":{"rendered":"<style>.kb-row-layout-id1931_6b0762-e8 > .kt-row-column-wrap{align-content:center;}:where(.kb-row-layout-id1931_6b0762-e8 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:center;}.kb-row-layout-id1931_6b0762-e8 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-none, 0rem );row-gap:var(--global-kb-gap-none, 0rem );max-width:1280px;margin-left:auto;margin-right:auto;padding-top:0px;padding-bottom:0px;grid-template-columns:repeat(2, minmax(0, 1fr));}.kb-row-layout-id1931_6b0762-e8{background-color:#f2f2f3;}.kb-row-layout-id1931_6b0762-e8 > .kt-row-layout-overlay{opacity:0.30;background:linear-gradient(180deg,  70%, #00B5E2 100%);}.kb-row-layout-id1931_6b0762-e8 ,.kb-row-layout-id1931_6b0762-e8 h1,.kb-row-layout-id1931_6b0762-e8 h2,.kb-row-layout-id1931_6b0762-e8 h3,.kb-row-layout-id1931_6b0762-e8 h4,.kb-row-layout-id1931_6b0762-e8 h5,.kb-row-layout-id1931_6b0762-e8 h6{color:#00839b;}.kb-row-layout-id1931_6b0762-e8 .kt-row-layout-bottom-sep{height:100px;}.kb-row-layout-id1931_6b0762-e8 .kt-row-layout-bottom-sep svg{width:100%;}.kb-row-layout-id1931_6b0762-e8 .kt-row-layout-bottom-sep svg{fill:#ffffff!important;}@media all and (max-width: 1024px){.kb-row-layout-id1931_6b0762-e8 > .kt-row-column-wrap{grid-template-columns:repeat(2, minmax(0, 1fr));}}@media all and (max-width: 1024px){.kb-row-layout-id1931_6b0762-e8 .kt-row-layout-bottom-sep{height:px;}}@media all and (max-width: 1024px){.kb-row-layout-id1931_6b0762-e8 .kt-row-layout-bottom-sep svg{width:%;}}@media all and (max-width: 767px){.kb-row-layout-id1931_6b0762-e8 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}.kb-row-layout-id1931_6b0762-e8 .kt-row-layout-bottom-sep{height:0px;}.kb-row-layout-id1931_6b0762-e8 .kt-row-layout-bottom-sep svg{width:100%;}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_6b0762-e8 alignnone kt-row-has-bg introcontainer wp-block-kadence-rowlayout\"><div class=\"kt-row-layout-overlay kt-row-overlay-gradient\"><\/div><div class=\"kt-row-column-wrap kt-has-2-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-middle\">\n<style>.kadence-column1931_68cbee-cc > .kt-inside-inner-col{display:flex;}.kadence-column1931_68cbee-cc > .kt-inside-inner-col,.kadence-column1931_68cbee-cc > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_68cbee-cc > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_68cbee-cc > .kt-inside-inner-col{flex-direction:column;justify-content:flex-end;}.kadence-column1931_68cbee-cc > .kt-inside-inner-col > .aligncenter{width:100%;}.kt-row-column-wrap > .kadence-column1931_68cbee-cc{align-self:flex-end;}.kt-inner-column-height-full:not(.kt-has-1-columns) > .wp-block-kadence-column.kadence-column1931_68cbee-cc{align-self:auto;}.kt-inner-column-height-full:not(.kt-has-1-columns) > .wp-block-kadence-column.kadence-column1931_68cbee-cc > .kt-inside-inner-col{flex-direction:column;justify-content:flex-end;}.kadence-column1931_68cbee-cc > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_68cbee-cc{position:relative;}@media all and (max-width: 1024px){.kt-row-column-wrap > .kadence-column1931_68cbee-cc{align-self:flex-end;}}@media all and (max-width: 1024px){.kt-inner-column-height-full:not(.kt-has-1-columns) > .wp-block-kadence-column.kadence-column1931_68cbee-cc{align-self:auto;}}@media all and (max-width: 1024px){.kt-inner-column-height-full:not(.kt-has-1-columns) > .wp-block-kadence-column.kadence-column1931_68cbee-cc > .kt-inside-inner-col{flex-direction:column;justify-content:flex-end;}}@media all and (max-width: 1024px){.kadence-column1931_68cbee-cc > .kt-inside-inner-col{flex-direction:column;justify-content:flex-end;}}@media all and (max-width: 767px){.kt-row-column-wrap > .kadence-column1931_68cbee-cc{align-self:flex-end;}.kt-inner-column-height-full:not(.kt-has-1-columns) > .wp-block-kadence-column.kadence-column1931_68cbee-cc{align-self:auto;}.kt-inner-column-height-full:not(.kt-has-1-columns) > .wp-block-kadence-column.kadence-column1931_68cbee-cc > .kt-inside-inner-col{flex-direction:column;justify-content:flex-end;}.kadence-column1931_68cbee-cc > .kt-inside-inner-col{flex-direction:column;justify-content:flex-end;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_68cbee-cc inner-column-1 with-bottom-border\"><div class=\"kt-inside-inner-col\">\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"918\" src=\"https:\/\/gsk.de\/wp-content\/uploads\/2023\/09\/Header_Kapitalmarkt_Motiv_Stolz_002-1024x918.jpg\" alt=\"\" class=\"wp-image-45435\" style=\"object-fit:cover;width:498px;height:446px\" srcset=\"https:\/\/gsk.de\/wp-content\/uploads\/2023\/09\/Header_Kapitalmarkt_Motiv_Stolz_002-1024x918.jpg 1024w, https:\/\/gsk.de\/wp-content\/uploads\/2023\/09\/Header_Kapitalmarkt_Motiv_Stolz_002-300x269.jpg 300w, https:\/\/gsk.de\/wp-content\/uploads\/2023\/09\/Header_Kapitalmarkt_Motiv_Stolz_002-768x688.jpg 768w, https:\/\/gsk.de\/wp-content\/uploads\/2023\/09\/Header_Kapitalmarkt_Motiv_Stolz_002.jpg 1116w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div><\/div>\n\n\n<style>.kadence-column1931_179a8d-e0 > .kt-inside-inner-col{padding-top:20px;padding-bottom:20px;}.kadence-column1931_179a8d-e0 > .kt-inside-inner-col,.kadence-column1931_179a8d-e0 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_179a8d-e0 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_179a8d-e0 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_179a8d-e0 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_179a8d-e0 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_179a8d-e0{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_179a8d-e0 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_179a8d-e0 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_179a8d-e0 inner-column-2\"><div class=\"kt-inside-inner-col\"><style>.wp-block-kadence-advancedheading.kt-adv-heading1931_c7e7a3-9a, .wp-block-kadence-advancedheading.kt-adv-heading1931_c7e7a3-9a[data-kb-block=\"kb-adv-heading1931_c7e7a3-9a\"]{font-style:normal;}.wp-block-kadence-advancedheading.kt-adv-heading1931_c7e7a3-9a mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading1931_c7e7a3-9a[data-kb-block=\"kb-adv-heading1931_c7e7a3-9a\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading1931_c7e7a3-9a img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading1931_c7e7a3-9a[data-kb-block=\"kb-adv-heading1931_c7e7a3-9a\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h1 class=\"kt-adv-heading1931_c7e7a3-9a seitenkat wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading1931_c7e7a3-9a\"><span style=\"color:#00839b\" class=\"color\">Kapitalmarkt<\/span><\/h1>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Die Kapitalm\u00e4rkte k\u00f6nnen <br>durch ihre Faszination fesseln, <br>sind jedoch in ihren rechtlichen <br>Details anspruchsvoll.<\/p>\n<cite>Dr. Dominik Stolz, Rechtsanwalt<\/cite><\/blockquote>\n<\/div><\/div>\n\n<\/div><\/div>\n\n<style>.kb-row-layout-id1931_afe970-9e > .kt-row-column-wrap{align-content:center;}:where(.kb-row-layout-id1931_afe970-9e > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:center;}.kb-row-layout-id1931_afe970-9e > .kt-row-column-wrap{column-gap:var(--global-kb-gap-none, 0rem );row-gap:var(--global-kb-gap-none, 0rem );max-width:1280px;margin-left:auto;margin-right:auto;padding-top:0px;padding-bottom:0px;grid-template-columns:repeat(2, minmax(0, 1fr));}.kb-row-layout-id1931_afe970-9e{background-color:#42aac0;}.kb-row-layout-id1931_afe970-9e > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id1931_afe970-9e > .kt-row-column-wrap{grid-template-columns:repeat(2, minmax(0, 1fr));}}@media all and (max-width: 767px){.kb-row-layout-id1931_afe970-9e > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_afe970-9e alignnone kt-row-has-bg wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-2-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-middle\">\n<style>.kadence-column1931_596ef2-a4 > .kt-inside-inner-col{padding-top:25px;padding-right:30px;padding-bottom:25px;}.kadence-column1931_596ef2-a4 > .kt-inside-inner-col,.kadence-column1931_596ef2-a4 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_596ef2-a4 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_596ef2-a4 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_596ef2-a4 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_596ef2-a4 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_596ef2-a4{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_596ef2-a4 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_596ef2-a4 > .kt-inside-inner-col{padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_596ef2-a4 inner-column-1\"><div class=\"kt-inside-inner-col\">\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"262\" height=\"262\" src=\"https:\/\/gsk.de\/wp-content\/uploads\/2019\/10\/icon_kapital_weiss.png\" alt=\"\" class=\"wp-image-6007\" srcset=\"https:\/\/gsk.de\/wp-content\/uploads\/2019\/10\/icon_kapital_weiss.png 262w, https:\/\/gsk.de\/wp-content\/uploads\/2019\/10\/icon_kapital_weiss-150x150.png 150w, https:\/\/gsk.de\/wp-content\/uploads\/2019\/10\/icon_kapital_weiss-240x240.png 240w\" sizes=\"auto, (max-width: 262px) 100vw, 262px\" \/><\/figure>\n<\/div><\/div>\n\n\n<style>.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col{padding-top:25px;padding-right:127px;padding-bottom:25px;}.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col,.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_8ea7ee-87{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_8ea7ee-87 > .kt-inside-inner-col{padding-top:0px;padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_8ea7ee-87 inner-column-2\"><div class=\"kt-inside-inner-col\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><span style=\"color:#fff\" class=\"color\">Auf der einen Seite: weite technologische M\u00f6glichkeiten. Auf der anderen: eng gefasste Regularien. Gut, einen Partner zu haben, der den Weg dazwischen weist.<\/span><\/p>\n<\/blockquote>\n<\/div><\/div>\n\n<\/div><\/div>\n\n<style>.kb-row-layout-id1931_555819-43 > .kt-row-column-wrap{align-content:start;}:where(.kb-row-layout-id1931_555819-43 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}.kb-row-layout-id1931_555819-43 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-none, 0rem );row-gap:var(--global-kb-gap-none, 0rem );max-width:1280px;margin-left:auto;margin-right:auto;padding-top:50px;padding-right:15px;padding-bottom:50px;padding-left:15px;grid-template-columns:minmax(0, 1fr);}.kb-row-layout-id1931_555819-43 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id1931_555819-43 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 767px){.kb-row-layout-id1931_555819-43 > .kt-row-column-wrap{padding-top:25px;padding-bottom:25px;grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_555819-43 alignnone wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n<style>.kadence-column1931_e15fde-6a > .kt-inside-inner-col{padding-right:0px;padding-left:0px;}.kadence-column1931_e15fde-6a > .kt-inside-inner-col,.kadence-column1931_e15fde-6a > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_e15fde-6a > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_e15fde-6a > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_e15fde-6a > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_e15fde-6a > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_e15fde-6a{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_e15fde-6a > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_e15fde-6a > .kt-inside-inner-col{padding-right:0px;padding-left:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_e15fde-6a inner-column-1\"><div class=\"kt-inside-inner-col\"><style>.kb-row-layout-id1931_3ec8ed-93 > .kt-row-column-wrap{align-content:start;}:where(.kb-row-layout-id1931_3ec8ed-93 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}.kb-row-layout-id1931_3ec8ed-93 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-none, 0rem );row-gap:var(--global-kb-gap-none, 0rem );padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;grid-template-columns:minmax(0, calc(50% - ((var(--global-kb-gap-none, 0rem ) * 1 )\/2)))minmax(0, calc(50% - ((var(--global-kb-gap-none, 0rem ) * 1 )\/2)));}.kb-row-layout-id1931_3ec8ed-93 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id1931_3ec8ed-93 > .kt-row-column-wrap{grid-template-columns:repeat(2, minmax(0, 1fr));}}@media all and (max-width: 767px){.kb-row-layout-id1931_3ec8ed-93 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_3ec8ed-93 alignnone wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-2-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n<style>.kadence-column1931_06f649-21 > .kt-inside-inner-col{padding-right:127px;}.kadence-column1931_06f649-21 > .kt-inside-inner-col,.kadence-column1931_06f649-21 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_06f649-21 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_06f649-21 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_06f649-21 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_06f649-21 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_06f649-21{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_06f649-21 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_06f649-21 > .kt-inside-inner-col{padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_06f649-21 inner-column-1\"><div class=\"kt-inside-inner-col\"><style>.wp-block-kadence-advancedheading.kt-adv-heading1931_eb9496-01, .wp-block-kadence-advancedheading.kt-adv-heading1931_eb9496-01[data-kb-block=\"kb-adv-heading1931_eb9496-01\"]{font-style:normal;}.wp-block-kadence-advancedheading.kt-adv-heading1931_eb9496-01 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading1931_eb9496-01[data-kb-block=\"kb-adv-heading1931_eb9496-01\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading1931_eb9496-01 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading1931_eb9496-01[data-kb-block=\"kb-adv-heading1931_eb9496-01\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h2 class=\"kt-adv-heading1931_eb9496-01 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading1931_eb9496-01\"><span style=\"color:#00839b\" class=\"color\">Die M\u00e4rkte verstehen. <br>Und die, die sie bewegen. <\/span><\/h2>\n<\/div><\/div>\n\n\n<style>.kadence-column1931_ec6efa-35 > .kt-inside-inner-col,.kadence-column1931_ec6efa-35 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_ec6efa-35 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_ec6efa-35 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_ec6efa-35 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_ec6efa-35 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_ec6efa-35{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_ec6efa-35 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_ec6efa-35 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_ec6efa-35 inner-column-2\"><div class=\"kt-inside-inner-col\">\n<p><\/p>\n<\/div><\/div>\n\n<\/div><\/div>\n\n<style>.kb-row-layout-id1931_018ea1-80 > .kt-row-column-wrap{align-content:start;}:where(.kb-row-layout-id1931_018ea1-80 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}.kb-row-layout-id1931_018ea1-80 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-none, 0rem );row-gap:var(--global-kb-gap-none, 0rem );padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;grid-template-columns:minmax(0, calc(50% - ((var(--global-kb-gap-none, 0rem ) * 1 )\/2)))minmax(0, calc(50% - ((var(--global-kb-gap-none, 0rem ) * 1 )\/2)));}.kb-row-layout-id1931_018ea1-80 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id1931_018ea1-80 > .kt-row-column-wrap{grid-template-columns:repeat(2, minmax(0, 1fr));}}@media all and (max-width: 767px){.kb-row-layout-id1931_018ea1-80 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_018ea1-80 alignnone wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-2-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n<style>.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col{padding-right:127px;}.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col,.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_2fda8b-e9{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_2fda8b-e9 > .kt-inside-inner-col{padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_2fda8b-e9 inner-column-1\"><div class=\"kt-inside-inner-col\">\n<p>Infolge der Finanzkrise befinden sich die Kapitalm\u00e4rkte und deren Regulierung seit geraumer Zeit in einer Umbruchphase. Einerseits ebbt der schon sprichw\u00f6rtliche \u201eRegulierungstsunami\u201c nicht ab und Komplexit\u00e4t sowie Umfang der regulatorischen Vorgaben steigen immer weiter. Andererseits bieten sich f\u00fcr Emittenten neue, in Deutschland bisher unbekannte M\u00f6glichkeiten zur Finanzierung, die sich zum einen als Resultat der EU-Initiative zur Kapitalmarktunion und zum anderen infolge der rasch voranschreitenden Digitalisierung ergeben.<\/p>\n\n\n\n<p>Durch die Kapitalmarktunion soll das europ\u00e4ische Finanzsystem bewusst st\u00e4rker kapitalmarktorientiert ausgerichtet werden. Zu diesem Zweck werden unter anderem mittelst\u00e4ndischen Unternehmen neue Emissionswege er\u00f6ffnet, die mit geringeren Transaktionskosten verbunden sind als fr\u00fcher.<\/p>\n\n\n\n<p>Im Rahmen der Digitalisierung der Finanzm\u00e4rkte spielt die Finanzierung \u00fcber digitale Plattformen eine immer gr\u00f6\u00dfere Rolle. Gleichzeitig erweitern neue technologische Entwicklungen wie die Distributed Ledger-Technologie (DLT) und die Blockchain das Spektrum der M\u00f6glichkeiten.<\/p>\n<\/div><\/div>\n\n\n<style>.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col{padding-top:0px;padding-right:127px;padding-bottom:0px;padding-left:0px;}.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col,.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_8fbaf2-99{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_8fbaf2-99 > .kt-inside-inner-col{padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_8fbaf2-99 inner-column-2\"><div class=\"kt-inside-inner-col\">\n<p>Diese Ver\u00e4nderungen des regulatorischen und technologischen Umfelds erfordern Anpassungen aufseiten der Emittenten, der emissionsbegleitenden Institute und ihrer Berater. Aber auch unabh\u00e4ngig von den neuen Entwicklungen stehen Kapitalmarktakteure vor einer Vielzahl von Herausforderungen. Unternehmensfinanzierung, Aktienrecht, Wertpapierrecht, Anlegerschutz, Kapitalmarktregulierung, Corporate Governance und Compliance \u2013 am Kapitalmarkt greift dies alles ineinander.<\/p>\n\n\n\n<p>Wir unterst\u00fctzen Sie dabei, diese Herausforderungen zu meistern, eine Finanzierungsstruktur zu finden, die f\u00fcr Ihr jeweiliges Gesch\u00e4ft und Ihren Finanzierungsbedarf optimal ist und Ihre unternehmerische Initiative voranzubringen oder Ihre Investments am Kapitalmarkt zu sch\u00fctzen. Unsere steuerliche Expertise rundet dabei unser Beratungsangebot ab. Egal, ob Sie Emittent, Investor oder begleitendes Institut sind: Unser Team versteht nicht nur den Markt, seine Instrumente und seine Regelwerke, unser Team versteht auch Sie und Ihre Bed\u00fcrfnisse. Denn unser Anspruch ist: Ihre Ziele sind unser Ma\u00dfstab \u2013 eben your perspective.<\/p>\n<\/div><\/div>\n\n<\/div><\/div><\/div><\/div>\n\n<\/div><\/div>\n\n<style>.kb-row-layout-id1931_4a386e-79 > .kt-row-column-wrap{align-content:center;}:where(.kb-row-layout-id1931_4a386e-79 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:center;}.kb-row-layout-id1931_4a386e-79 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-none, 0rem );row-gap:var(--global-kb-gap-none, 0rem );max-width:1280px;margin-left:auto;margin-right:auto;padding-top:0px;padding-bottom:0px;grid-template-columns:repeat(2, minmax(0, 1fr));}.kb-row-layout-id1931_4a386e-79{background-color:#f2f2f3;}.kb-row-layout-id1931_4a386e-79 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id1931_4a386e-79 > .kt-row-column-wrap{grid-template-columns:repeat(2, minmax(0, 1fr));}}@media all and (max-width: 767px){.kb-row-layout-id1931_4a386e-79 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_4a386e-79 alignnone kt-row-has-bg wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-2-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-middle\">\n<style>.kadence-column1931_63b89e-5f > .kt-inside-inner-col{padding-right:30px;}.kadence-column1931_63b89e-5f > .kt-inside-inner-col,.kadence-column1931_63b89e-5f > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_63b89e-5f > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_63b89e-5f > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_63b89e-5f > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_63b89e-5f > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_63b89e-5f{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_63b89e-5f > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_63b89e-5f > .kt-inside-inner-col{padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_63b89e-5f inner-column-1\"><div class=\"kt-inside-inner-col\">\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"558\" height=\"400\" src=\"https:\/\/gsk.de\/wp-content\/uploads\/2019\/10\/Sektor_Kapitalmarkt.jpg\" alt=\"\" class=\"wp-image-5265\" srcset=\"https:\/\/gsk.de\/wp-content\/uploads\/2019\/10\/Sektor_Kapitalmarkt.jpg 558w, https:\/\/gsk.de\/wp-content\/uploads\/2019\/10\/Sektor_Kapitalmarkt-300x215.jpg 300w, https:\/\/gsk.de\/wp-content\/uploads\/2019\/10\/Sektor_Kapitalmarkt-240x172.jpg 240w\" sizes=\"auto, (max-width: 558px) 100vw, 558px\" \/><\/figure>\n<\/div><\/div>\n\n\n<style>.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col{padding-top:25px;padding-right:127px;padding-bottom:25px;}.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col,.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_b7be7d-c4{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_b7be7d-c4 > .kt-inside-inner-col{padding-top:0px;padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_b7be7d-c4 inner-column-2\"><div class=\"kt-inside-inner-col\">\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><span style=\"color:#00839b\" class=\"color\">Egal, wie die M\u00e4rkte sich entwickeln. Expertenwissen steht immer hoch im Kurs.<\/span><\/p>\n<cite><span style=\"color:#00839b\" class=\"color\"><\/span><span style=\"color:#00839b\" class=\"color\"><\/span><\/cite><\/blockquote>\n<\/div><\/div>\n\n<\/div><\/div>\n\n<style>.kb-row-layout-id1931_e37c96-43 > .kt-row-column-wrap{align-content:start;}:where(.kb-row-layout-id1931_e37c96-43 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}.kb-row-layout-id1931_e37c96-43 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-none, 0rem );row-gap:var(--global-kb-gap-none, 0rem );max-width:1280px;margin-left:auto;margin-right:auto;padding-top:50px;padding-right:15px;padding-bottom:50px;padding-left:15px;grid-template-columns:minmax(0, 1fr);}.kb-row-layout-id1931_e37c96-43{background-color:#42aac0;}.kb-row-layout-id1931_e37c96-43 > .kt-row-layout-overlay{opacity:0.30;}.kb-row-layout-id1931_e37c96-43 ,.kb-row-layout-id1931_e37c96-43 h1,.kb-row-layout-id1931_e37c96-43 h2,.kb-row-layout-id1931_e37c96-43 h3,.kb-row-layout-id1931_e37c96-43 h4,.kb-row-layout-id1931_e37c96-43 h5,.kb-row-layout-id1931_e37c96-43 h6{color:#fff;}@media all and (max-width: 1024px){.kb-row-layout-id1931_e37c96-43 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 767px){.kb-row-layout-id1931_e37c96-43 > .kt-row-column-wrap{padding-top:25px;padding-bottom:25px;grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_e37c96-43 alignnone kt-row-has-bg wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n<style>.kadence-column1931_823330-da > .kt-inside-inner-col{padding-right:95px;padding-left:95px;}.kadence-column1931_823330-da > .kt-inside-inner-col,.kadence-column1931_823330-da > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_823330-da > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_823330-da > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_823330-da > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_823330-da > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_823330-da{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_823330-da > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_823330-da > .kt-inside-inner-col{padding-right:0px;padding-left:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_823330-da inner-column-1\"><div class=\"kt-inside-inner-col\">\n<figure class=\"wp-block-image size-full is-resized kompetenzpfeil\"><img loading=\"lazy\" decoding=\"async\" width=\"261\" height=\"330\" src=\"https:\/\/gsk.de\/wp-content\/uploads\/2023\/08\/icon_arrow_opener.png\" alt=\"\" class=\"wp-image-42256\" style=\"width:68px;height:86px\" srcset=\"https:\/\/gsk.de\/wp-content\/uploads\/2023\/08\/icon_arrow_opener.png 261w, https:\/\/gsk.de\/wp-content\/uploads\/2023\/08\/icon_arrow_opener-237x300.png 237w\" sizes=\"auto, (max-width: 261px) 100vw, 261px\" \/><\/figure>\n\n\n<style>.wp-block-kadence-advancedheading.kt-adv-heading1931_9a0dc6-53, .wp-block-kadence-advancedheading.kt-adv-heading1931_9a0dc6-53[data-kb-block=\"kb-adv-heading1931_9a0dc6-53\"]{font-style:normal;}.wp-block-kadence-advancedheading.kt-adv-heading1931_9a0dc6-53 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading1931_9a0dc6-53[data-kb-block=\"kb-adv-heading1931_9a0dc6-53\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading1931_9a0dc6-53 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading1931_9a0dc6-53[data-kb-block=\"kb-adv-heading1931_9a0dc6-53\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h2 class=\"kt-adv-heading1931_9a0dc6-53 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading1931_9a0dc6-53\">M\u00e4rkte im Fokus <\/h2>\n\n\n<style>.kb-row-layout-id1931_4bdabd-09 > .kt-row-column-wrap{align-content:start;}:where(.kb-row-layout-id1931_4bdabd-09 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}.kb-row-layout-id1931_4bdabd-09 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-none, 0rem );row-gap:var(--global-kb-gap-none, 0rem );padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;grid-template-columns:minmax(0, calc(50% - ((var(--global-kb-gap-none, 0rem ) * 1 )\/2)))minmax(0, calc(50% - ((var(--global-kb-gap-none, 0rem ) * 1 )\/2)));}.kb-row-layout-id1931_4bdabd-09 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id1931_4bdabd-09 > .kt-row-column-wrap{grid-template-columns:repeat(2, minmax(0, 1fr));}}@media all and (max-width: 767px){.kb-row-layout-id1931_4bdabd-09 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_4bdabd-09 alignnone wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-2-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n<style>.kadence-column1931_455126-2f > .kt-inside-inner-col{padding-right:95px;}.kadence-column1931_455126-2f > .kt-inside-inner-col,.kadence-column1931_455126-2f > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_455126-2f > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_455126-2f > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_455126-2f > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_455126-2f > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_455126-2f{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_455126-2f > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_455126-2f > .kt-inside-inner-col{padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_455126-2f inner-column-1\"><div class=\"kt-inside-inner-col\">\n<p>Wer die ganze Breite der Wachstumschancen nutzen will, braucht spitzen  Unterst\u00fctzung. Unsere geb\u00fcndelte Sektorenkompetenz sorgt in allen  Marktbereichen daf\u00fcr. <\/p>\n<\/div><\/div>\n\n\n<style>.kadence-column1931_5f092c-a3 > .kt-inside-inner-col,.kadence-column1931_5f092c-a3 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_5f092c-a3 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_5f092c-a3 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_5f092c-a3 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_5f092c-a3 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_5f092c-a3{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_5f092c-a3 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_5f092c-a3 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_5f092c-a3 inner-column-2\"><div class=\"kt-inside-inner-col\">\n<p><\/p>\n<\/div><\/div>\n\n<\/div><\/div><\/div><\/div>\n\n<\/div><\/div>\n\n<style>.kb-row-layout-id1931_4392ae-33 > .kt-row-column-wrap{align-content:start;}:where(.kb-row-layout-id1931_4392ae-33 > .kt-row-column-wrap) > .wp-block-kadence-column{justify-content:start;}.kb-row-layout-id1931_4392ae-33 > .kt-row-column-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:var(--global-kb-gap-md, 2rem);max-width:1280px;margin-left:auto;margin-right:auto;padding-top:25px;padding-right:15px;padding-bottom:25px;padding-left:15px;grid-template-columns:minmax(0, 1fr);}.kb-row-layout-id1931_4392ae-33 > .kt-row-layout-overlay{opacity:0.30;}@media all and (max-width: 1024px){.kb-row-layout-id1931_4392ae-33 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}@media all and (max-width: 767px){.kb-row-layout-id1931_4392ae-33 > .kt-row-column-wrap{grid-template-columns:minmax(0, 1fr);}}<\/style><div class=\"kb-row-layout-wrap kb-row-layout-id1931_4392ae-33 alignnone gsk-kadence-acc wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n<style>.kadence-column1931_915a30-f8 > .kt-inside-inner-col,.kadence-column1931_915a30-f8 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_915a30-f8 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_915a30-f8 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_915a30-f8 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_915a30-f8 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_915a30-f8{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_915a30-f8 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_915a30-f8 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_915a30-f8 inner-column-1\"><div class=\"kt-inside-inner-col\"><style>.kt-accordion-id1931_b66599-37 .kt-accordion-inner-wrap{column-gap:var(--global-kb-gap-md, 2rem);row-gap:1px;}.kt-accordion-id1931_b66599-37 .kt-accordion-panel-inner{border-top:0px solid #c8c8cd;border-right:0px solid #c8c8cd;border-bottom:1px solid #c8c8cd;border-left:0px solid #c8c8cd;background:#ffffff;padding-top:0px;padding-right:20px;padding-bottom:20px;padding-left:34px;}.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header{border-top-color:#c8c8cd;border-top-style:solid;border-right-color:#c8c8cd;border-right-style:solid;border-bottom:1px solid #c8c8cd;border-left-color:#c8c8cd;border-left-style:solid;border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;background:#fff;font-size:18px;line-height:24px;text-transform:uppercase;color:#253942;padding-top:16px;padding-right:10px;padding-bottom:16px;padding-left:0px;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap .kt-blocks-accordion-icon-trigger:before{background:#253942;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger{background:#253942;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-icon-trigger:before{background:#fff;}.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id1931_b66599-37 .kt-blocks-accordion-header:focus-visible{color:#00839b;background:#fff;border-top-color:#c8c8cd;border-top-style:solid;border-right-color:#c8c8cd;border-right-style:solid;border-bottom:1px solid #c8c8cd;border-left-color:#c8c8cd;border-left-style:solid;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:before, body:not(.hide-focus-outline) .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-blocks-accordion--visible .kt-blocks-accordion-icon-trigger:after, body:not(.hide-focus-outline) .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle ) .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:before{background:#00839b;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger, body:not(.hide-focus-outline) .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger{background:#00839b;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:hover .kt-blocks-accordion-icon-trigger:before, body:not(.hide-focus-outline) .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:after, body:not(.hide-focus-outline) .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible .kt-blocks-accordion-icon-trigger:before{background:#fff;}.kt-accordion-id1931_b66599-37 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{color:#00839b;background:#fff;border-top-color:#fff;border-top-style:solid;border-right-color:#fff;border-right-style:solid;border-bottom:1px solid #fff;border-left-color:#fff;border-left-style:solid;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basiccircle ):not( .kt-accodion-icon-style-xclosecircle ):not( .kt-accodion-icon-style-arrowcircle )  > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:before{background:#00839b;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger{background:#00839b;}.kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:after, .kt-accordion-id1931_b66599-37:not( .kt-accodion-icon-style-basic ):not( .kt-accodion-icon-style-xclose ):not( .kt-accodion-icon-style-arrow ) .kt-blocks-accordion-header.kt-accordion-panel-active .kt-blocks-accordion-icon-trigger:before{background:#fff;}@media all and (max-width: 1024px){.kt-accordion-id1931_b66599-37 .kt-accordion-panel-inner{border-top:0px solid #c8c8cd;border-right:0px solid #c8c8cd;border-bottom:1px solid #c8c8cd;border-left:0px solid #c8c8cd;}}@media all and (max-width: 1024px){.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header{border-top-color:#c8c8cd;border-top-style:solid;border-right-color:#c8c8cd;border-right-style:solid;border-bottom:1px solid #c8c8cd;border-left-color:#c8c8cd;border-left-style:solid;}}@media all and (max-width: 1024px){.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id1931_b66599-37 .kt-blocks-accordion-header:focus-visible{border-top-color:#c8c8cd;border-top-style:solid;border-right-color:#c8c8cd;border-right-style:solid;border-bottom:1px solid #c8c8cd;border-left-color:#c8c8cd;border-left-style:solid;}}@media all and (max-width: 1024px){.kt-accordion-id1931_b66599-37 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{border-top-color:#fff;border-top-style:solid;border-right-color:#fff;border-right-style:solid;border-bottom:1px solid #fff;border-left-color:#fff;border-left-style:solid;}}@media all and (max-width: 767px){.kt-accordion-id1931_b66599-37 .kt-accordion-inner-wrap{display:block;}.kt-accordion-id1931_b66599-37 .kt-accordion-inner-wrap .kt-accordion-pane:not(:first-child){margin-top:1px;}.kt-accordion-id1931_b66599-37 .kt-accordion-panel-inner{border-top:0px solid #c8c8cd;border-right:0px solid #c8c8cd;border-bottom:1px solid #c8c8cd;border-left:0px solid #c8c8cd;}.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header{border-top-color:#c8c8cd;border-top-style:solid;border-right-color:#c8c8cd;border-right-style:solid;border-bottom:1px solid #c8c8cd;border-left-color:#c8c8cd;border-left-style:solid;}.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header:hover, \n\t\t\t\tbody:not(.hide-focus-outline) .kt-accordion-id1931_b66599-37 .kt-blocks-accordion-header:focus-visible{border-top-color:#c8c8cd;border-top-style:solid;border-right-color:#c8c8cd;border-right-style:solid;border-bottom:1px solid #c8c8cd;border-left-color:#c8c8cd;border-left-style:solid;}.kt-accordion-id1931_b66599-37 .kt-accordion-header-wrap .kt-blocks-accordion-header:focus-visible,\n\t\t\t\t.kt-accordion-id1931_b66599-37 > .kt-accordion-inner-wrap > .wp-block-kadence-pane > .kt-accordion-header-wrap > .kt-blocks-accordion-header.kt-accordion-panel-active{border-top-color:#fff;border-top-style:solid;border-right-color:#fff;border-right-style:solid;border-bottom:1px solid #fff;border-left-color:#fff;border-left-style:solid;}}<\/style>\n<div class=\"wp-block-kadence-accordion alignnone\"><div class=\"kt-accordion-wrap kt-accordion-id1931_b66599-37 kt-accordion-has-23-panes kt-active-pane-0 kt-accordion-block kt-pane-header-alignment-left kt-accodion-icon-style-basic kt-accodion-icon-side-left\" style=\"max-width:none\"><div class=\"kt-accordion-inner-wrap\" data-allow-multiple-open=\"false\" data-start-open=\"none\">\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-21 kt-pane1931_8759f3-d2\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">EIGENKAPITAL (EQUITY CAPITAL MARKETS, ECM) <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p>Der Boom der deutschen M\u00e4rkte f\u00fcr Eigenkapital (Equity Capital Markets,  ECM) war in den letzten Jahren stark durch institutionelle Investoren  getrieben. Die Eigenkapitalm\u00e4rkte sind neben dem Bankdarlehen ein lange  etabliertes Instrument zur Finanzierung der deutschen Unternehmen. <\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-22 kt-pane1931_294992-c5\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">FREMDKAPITAL (DEBT CAPITAL MARKETS, DCM) <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p>W\u00e4hrend in Deutschland und Europa Fremdkapital nach wie vor \u00fcberwiegend  von Banken bereitgestellt wird, ist der Anteil der  Kapitalmarkttransaktionen jedoch in den vergangenen Jahren stark  gestiegen. H\u00e4ufig ist eine bankenunabh\u00e4ngige Fremdkapital-Finanzierung  f\u00fcr die Unternehmen attraktiver, nicht zuletzt aufgrund der damit  verbundenen Flexibilit\u00e4t bei der Gestaltung der Konditionen. <\/p>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n<\/div><\/div>\n\n<div class=\"kb-row-layout-wrap kb-row-layout-id1931_e143b9-14 alignnone kt-row-has-bg wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-2-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-middle\">\n<style>.kadence-column1931_452214-63 > .kt-inside-inner-col{padding-right:30px;}.kadence-column1931_452214-63 > .kt-inside-inner-col,.kadence-column1931_452214-63 > .kt-inside-inner-col:before{border-top-left-radius:0px;border-top-right-radius:0px;border-bottom-right-radius:0px;border-bottom-left-radius:0px;}.kadence-column1931_452214-63 > .kt-inside-inner-col{column-gap:var(--global-kb-gap-sm, 1rem);}.kadence-column1931_452214-63 > .kt-inside-inner-col{flex-direction:column;}.kadence-column1931_452214-63 > .kt-inside-inner-col > .aligncenter{width:100%;}.kadence-column1931_452214-63 > .kt-inside-inner-col:before{opacity:0.3;}.kadence-column1931_452214-63{position:relative;}@media all and (max-width: 1024px){.kadence-column1931_452214-63 > .kt-inside-inner-col{flex-direction:column;justify-content:center;}}@media all and (max-width: 767px){.kadence-column1931_452214-63 > .kt-inside-inner-col{padding-right:0px;flex-direction:column;justify-content:center;}}<\/style>\n<div class=\"wp-block-kadence-column kadence-column1931_452214-63 inner-column-1\"><div class=\"kt-inside-inner-col\">\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"951\" height=\"1024\" src=\"https:\/\/gsk.de\/wp-content\/uploads\/2025\/03\/ansprechpartner-kapitalmarkt-heinzmann_1048x1128px-951x1024.png\" alt=\"\" class=\"wp-image-52817\" srcset=\"https:\/\/gsk.de\/wp-content\/uploads\/2025\/03\/ansprechpartner-kapitalmarkt-heinzmann_1048x1128px-951x1024.png 951w, https:\/\/gsk.de\/wp-content\/uploads\/2025\/03\/ansprechpartner-kapitalmarkt-heinzmann_1048x1128px-279x300.png 279w, https:\/\/gsk.de\/wp-content\/uploads\/2025\/03\/ansprechpartner-kapitalmarkt-heinzmann_1048x1128px-768x827.png 768w, https:\/\/gsk.de\/wp-content\/uploads\/2025\/03\/ansprechpartner-kapitalmarkt-heinzmann_1048x1128px.png 1048w\" sizes=\"auto, (max-width: 951px) 100vw, 951px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-column kadence-column1931_4ebe31-52 inner-column-2\"><div class=\"kt-inside-inner-col\"><style>.wp-block-kadence-advancedheading.kt-adv-heading1931_22ef20-c5, .wp-block-kadence-advancedheading.kt-adv-heading1931_22ef20-c5[data-kb-block=\"kb-adv-heading1931_22ef20-c5\"]{font-style:normal;}.wp-block-kadence-advancedheading.kt-adv-heading1931_22ef20-c5 mark.kt-highlight, .wp-block-kadence-advancedheading.kt-adv-heading1931_22ef20-c5[data-kb-block=\"kb-adv-heading1931_22ef20-c5\"] mark.kt-highlight{font-style:normal;color:#f76a0c;-webkit-box-decoration-break:clone;box-decoration-break:clone;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}.wp-block-kadence-advancedheading.kt-adv-heading1931_22ef20-c5 img.kb-inline-image, .wp-block-kadence-advancedheading.kt-adv-heading1931_22ef20-c5[data-kb-block=\"kb-adv-heading1931_22ef20-c5\"] img.kb-inline-image{width:150px;vertical-align:baseline;}<\/style>\n<h2 class=\"kt-adv-heading1931_22ef20-c5 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading1931_22ef20-c5\"><span style=\"color:#00839b\" class=\"color\">Wir sind f\u00fcr Sie da<\/span><\/h2>\n\n\n\n<p>Ihre Sicht verstehen. Und die beste L\u00f6sung finden.<br>Daf\u00fcr steht:<\/p>\n\n\n<div data-component=\"Getanwalt\" data-props=\"{&quot;post&quot;:{&quot;0&quot;:36915},&quot;align&quot;:&quot;full&quot;,&quot;title&quot;:&quot;&quot;,&quot;content&quot;:&quot;&quot;,&quot;lang&quot;:&quot;de&quot;}\"><\/div>\n\n\n<div data-component=\"Getanwalt\" data-props=\"{&quot;post&quot;:{&quot;0&quot;:860},&quot;align&quot;:&quot;full&quot;,&quot;title&quot;:&quot;&quot;,&quot;content&quot;:&quot;&quot;,&quot;lang&quot;:&quot;de&quot;}\"><\/div>\n<\/div><\/div>\n\n<\/div><\/div>\n\n<div class=\"kb-row-layout-wrap kb-row-layout-id1931_a25875-01 alignnone kt-row-has-bg wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n\n<div class=\"wp-block-kadence-column kadence-column1931_034bc7-0a inner-column-1\"><div class=\"kt-inside-inner-col\">\n<figure class=\"wp-block-image size-full is-resized kompetenzpfeil\"><img loading=\"lazy\" decoding=\"async\" width=\"261\" height=\"330\" src=\"https:\/\/gsk.de\/wp-content\/uploads\/2023\/08\/icon_arrow_opener.png\" alt=\"\" class=\"wp-image-42256\" style=\"width:68px;height:86px\" srcset=\"https:\/\/gsk.de\/wp-content\/uploads\/2023\/08\/icon_arrow_opener.png 261w, https:\/\/gsk.de\/wp-content\/uploads\/2023\/08\/icon_arrow_opener-237x300.png 237w\" sizes=\"auto, (max-width: 261px) 100vw, 261px\" \/><\/figure>\n\n\n\n<h2 class=\"kt-adv-heading1931_8596cd-58 wp-block-kadence-advancedheading\" data-kb-block=\"kb-adv-heading1931_8596cd-58\">Beratungsschwerpunkte <\/h2>\n\n\n<div class=\"kb-row-layout-wrap kb-row-layout-id1931_a8077e-76 alignnone wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-2-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n\n<div class=\"wp-block-kadence-column kadence-column1931_533aa0-b4 inner-column-1\"><div class=\"kt-inside-inner-col\">\n<p>F\u00fcr jede Herausforderung die richtigen Experten, f\u00fcr jeden Mandanten das  passende Team: Das ist der Anspruch, mit dem wir genau das im Blick  behalten, was Sie weiterbringt. <\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-column kadence-column1931_857b18-d6 inner-column-2\"><div class=\"kt-inside-inner-col\">\n<p><\/p>\n<\/div><\/div>\n\n<\/div><\/div><\/div><\/div>\n\n<\/div><\/div>\n\n<div class=\"kb-row-layout-wrap kb-row-layout-id1931_180e07-8f alignnone gsk-kadence-acc wp-block-kadence-rowlayout\"><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-top\">\n\n<div class=\"wp-block-kadence-column kadence-column1931_db5a4a-52 inner-column-1\"><div class=\"kt-inside-inner-col\">\n<div class=\"wp-block-kadence-accordion alignnone\"><div class=\"kt-accordion-wrap kt-accordion-id1931_4481bd-68 kt-accordion-has-26-panes kt-active-pane-0 kt-accordion-block kt-pane-header-alignment-left kt-accodion-icon-style-basic kt-accodion-icon-side-left\" style=\"max-width:none\"><div class=\"kt-accordion-inner-wrap\" data-allow-multiple-open=\"false\" data-start-open=\"none\">\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-21 kt-pane1931_7c339a-60\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">B\u00d6RSENG\u00c4NGE UND KAPITALERH\u00d6HUNGEN <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p>Wir begleiten Sie bei B\u00f6rseng\u00e4ngen und Kapitalerh\u00f6hungen, Bezugsrechtsemissionen, Ver\u00e4u\u00dferungen von Wertpapierpaketen und Privatplatzierungen. Unsere Rechtsberatung umfasst den gesamten Transaktionszyklus von der Vertragsgestaltung zwischen Emittenten und Banken \u00fcber die Legal Due Diligence, Fragen des (Pre-IPO-)Vertriebs der Aktien, die Erstellung des Wertpapierprospekts und anderer Platzierungsdokumente, die Begleitung des Billigungsverfahrens durch die zust\u00e4ndige Aufsichtsbeh\u00f6rde (in Deutschland die BaFin, in Luxemburg die CSSF) bis zur notwendigen Abstimmung mit den B\u00f6rsen.<\/p>\n\n\n\n<p>Neben einer Zulassung von Aktien zum Handel am geregelten Markt erstreckt sich unser Beratungsspektrum auch auf den Freiverkehr und dort insbesondere auf das Segment Scale der Deutschen B\u00f6rse f\u00fcr kleine und mittelgro\u00dfe Unternehmen sowie auf das Segment m:access der B\u00f6rse M\u00fcnchen. Ferner beraten wir unsere Mandanten auch beim Delisting (Beendigung der B\u00f6rsennotierung ihrer Aktien) oder einem Wechsel der B\u00f6rsennotierung zwischen einem regulierten Markt und einem nicht regulierten B\u00f6rsensegment (Down- oder Uplisting).<\/p>\n\n\n\n<p>Wir unterst\u00fctzen Sie mit unserer Expertise insbesondere in folgenden Bereichen:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>B\u00f6rseng\u00e4nge (IPOs)<\/li>\n\n\n\n<li>Kapitalerh\u00f6hungen<\/li>\n\n\n\n<li>Bezugsrechtsemissionen<\/li>\n\n\n\n<li>Ver\u00e4u\u00dferungen von Wertpapierpaketen<\/li>\n\n\n\n<li>Privatplatzierungen<\/li>\n\n\n\n<li>Delistings<\/li>\n\n\n\n<li>Segmentwechsel<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-22 kt-pane1931_6f869e-8f\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">ANLEIHEN UND MEZZANINE-FINANZIERUNGEN <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p>Neben Aktientransaktionen beraten wir deutsche und ausl\u00e4ndische Emittenten bei der Emission und Platzierung von Anleihen und Mezzanine-Instrumenten jeder Art. Dazu z\u00e4hlen klassische Unternehmensanleihen sowie hybride Instrumente wie etwa Wandelschuldverschreibungen, Aktienanleihen, Hybridanleihen und Genussscheine. Auch hier erstreckt sich unsere rechtliche Beratung auf s\u00e4mtliche Transaktionsschritte von der Mandatierung der Banken \u00fcber die Legal Due Diligence, die Erstellung und Verhandlung der Anleihebedingungen bis hin zur Erstellung des erforderlichen Wertpapierprospekts.<\/p>\n\n\n\n<p>Wir unterst\u00fctzen Sie mit unserer Expertise insbesondere in folgenden Bereichen:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Unternehmensanleihen<\/li>\n\n\n\n<li>Wandelschuldverschreibungen<\/li>\n\n\n\n<li>Aktienanleihen<\/li>\n\n\n\n<li>Hybridanleihen<\/li>\n\n\n\n<li>Genussscheine<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-23 kt-pane1931_c61c76-7a\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">ZULASSUNGSFOLGEPFLICHTEN, COMPLIANCE UND CORPORATE GOVERNANCE <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p>Wir beraten in- und ausl\u00e4ndische Unternehmen zu allen Folgepflichten, die aus der Zulassung ihrer Finanzinstrumente zum Handel resultieren. Emittenten von Wertpapieren, die \u00f6ffentlich angeboten beziehungsweise gehandelt werden, m\u00fcssen \u00fcber klar definierte unternehmensinterne Prozesse verf\u00fcgen, um ihren rechtlichen Verpflichtungen nachzukommen.<\/p>\n\n\n\n<p>Wir unterst\u00fctzen Sie mit unserer Expertise insbesondere in folgenden Bereichen:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Corporate Governance Kodex<\/li>\n\n\n\n<li>Kapitalmarkt-Compliance<\/li>\n\n\n\n<li>Ad-hoc-Publizit\u00e4tspflichten<\/li>\n\n\n\n<li>Insiderrechtliche Fragen<\/li>\n\n\n\n<li>Stimmrechtsmitteilungen<\/li>\n\n\n\n<li>Directors\u00b4 Dealings<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-24 kt-pane1931_3d630b-c5\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">\u00d6FFENTLICHE \u00dcBERNAHMEN <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p>Wir betreuen Sie bei \u00f6ffentlichen \u00dcbernahmen von b\u00f6rsennotierten Unternehmen. Aufseiten des Bieters beginnt unsere Beratung insbesondere bei den strategischen Vor\u00fcberlegungen und Planungen, auch mit Blick auf kartellrechtliche Aspekte, und umfasst au\u00dferdem die Entwicklung der passenden Transaktionsstruktur, Erstellung der Angebotsunterlage, Verhandlungen mit etwaigen Hauptaktion\u00e4ren der Zielgesellschaft sowie Abstimmung mit den Aufsichtsbeh\u00f6rden bis hin zu Post-Closing-Ma\u00dfnahmen, wie ein etwaiger Squeeze-out.<\/p>\n\n\n\n<p>Sind wir aufseiten der Zielgesellschaft oder der Bestandsinvestoren t\u00e4tig, beraten wir bei s\u00e4mtlichen vertraglichen, aufsichts- und gesellschaftsrechtlichen, kapitalmarktrechtlichen und auch steuerlichen Fragen. Wir unterst\u00fctzen Sie mit unserer Expertise insbesondere in folgenden Bereichen:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Wp\u00dcG<\/li>\n\n\n\n<li>Squeeze-out<\/li>\n\n\n\n<li>PIPE-Transaktionen<\/li>\n\n\n\n<li>Abwehrma\u00dfnahmen<\/li>\n\n\n\n<li>\u00dcbernahmeangebote<\/li>\n\n\n\n<li>Abstimmungen mit der BaFin<\/li>\n\n\n\n<li>Beherrschungs- und Gewinnabf\u00fchrungsvertr\u00e4ge<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-25 kt-pane1931_81a864-d9\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">KAPITALMARKTRECHTLICHE PROZESSF\u00dcHRUNG <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p>Die kapitalmarktrechtliche Prozessf\u00fchrung stellt einen wichtigen Bestandteil unserer anwaltlichen T\u00e4tigkeit dar. Neben beh\u00f6rdlichen Untersuchungsverfahren (zum Beispiel im Zusammenhang mit insiderrechtlich relevanten Vorg\u00e4ngen) sind wir insbesondere auch bei kapitalmarktrechtlichen Schadensersatzklagen etwa von Aktion\u00e4ren wegen Verst\u00f6\u00dfen gegen kapitalmarktrechtliche Publizit\u00e4tspflichten oder im Rahmen von konzernrechtlichen Verfahren sowie Organhaftungsklagen t\u00e4tig. Wir verf\u00fcgen \u00fcber umfangreiche Erfahrungen im Bereich der sogenannten Sammelklagen nach dem Kapitalanleger-Musterverfahrensgesetz (KapMuG).<br><br>Wir unterst\u00fctzen Sie mit unserer Expertise insbesondere in folgenden Bereichen:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Beratung bei beh\u00f6rdlichen Untersuchungen<\/li>\n\n\n\n<li>KapMuG-Verfahren<\/li>\n\n\n\n<li>Schadensersatzanspr\u00fcche von Anlegern<\/li>\n\n\n\n<li>Konzernrecht<\/li>\n\n\n\n<li>Organhaftung <\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-kadence-pane kt-accordion-pane kt-accordion-pane-26 kt-pane1931_61f7a4-42\"><div class=\"kt-accordion-header-wrap\"><button class=\"kt-blocks-accordion-header kt-acccordion-button-label-show\" type=\"button\"><span class=\"kt-blocks-accordion-title-wrap\"><span class=\"kt-blocks-accordion-title\">FINTECH: DIGITALE FINANZIERUNGSPLATTFORMEN, WERTPAPIERE UND DIE BLOCKCHAIN <\/span><\/span><span class=\"kt-blocks-accordion-icon-trigger\"><\/span><\/button><\/div><div class=\"kt-accordion-panel kt-accordion-panel-hidden\"><div class=\"kt-accordion-panel-inner\">\n<p>Unser Kapitalmarktteam verf\u00fcgt \u00fcber umfangreiche Erfahrungen und Spezialkenntnisse im Bereich der innovativen Finanztechnologien (FinTechs). Nicht nur im Bereich der digitalen Finanzierungsplattformen und der f\u00fcr diese ma\u00dfgeschneiderten Emissionsmodelle und -strukturen, sondern auch im Bereich der Distributed Ledger-Technologie (DLT) und der Blockchain haben wir in diesem sehr dynamischen Segment bereits eine Vielzahl von Pionierprojekten begleitet. Hierzu z\u00e4hlen nicht nur die erste Wertpapieremission in Deutschland und Luxemburg, die ausschlie\u00dflich auf der Blockchain abgewickelt wurde, sondern auch das erste Whitelabeling-Modell f\u00fcr digitale Direktfinanzierung, eine Vielzahl innovativer Strukturen im Bereich von Eigenkapitalemissionen zur Unternehmensfinanzierung und die erste europaweit skalierbare digitale Finanzierungsplattform. <\/p>\n\n\n\n<p>Wir unterst\u00fctzen Sie mit unserer Expertise insbesondere in folgenden Bereichen:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Innovative Modelle und Strukturen f\u00fcr Emissionen \u00fcber digitale Finanzierungsplattformen<\/li>\n\n\n\n<li>Krypto-Wertpapiere<\/li>\n\n\n\n<li>Distributed Ledger-Technologie (DLT) und Blockchain<\/li>\n\n\n\n<li>Regulatorische Fragen rund um FinTechs<\/li>\n<\/ul>\n<\/div><\/div><\/div>\n<\/div><\/div><\/div>\n<\/div><\/div>\n\n<\/div><\/div>\n\n<div class=\"kb-row-layout-wrap kb-row-layout-id1931_1cf9e6-37 alignnone kt-row-has-bg wp-block-kadence-rowlayout\"><div class=\"kt-row-layout-overlay kt-row-overlay-gradient\"><\/div><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-middle\">\n\n<div class=\"wp-block-kadence-column kadence-column1931_e40214-f8 inner-column-1\"><div class=\"kt-inside-inner-col\"><div\n\tdata-component=\"RecentNewsBlock\"\n\tdata-props=\"{\n    &quot;title&quot;: &quot;Aktuelle Meldungen&quot;,\n    &quot;linkText&quot;: &quot;&lt;a href=\\&quot;https:\\\/\\\/gsk.de\\\/de\\\/presse\\\/\\&quot;&gt;Mehr Meldungen&lt;\\\/a&gt;&quot;,\n    &quot;tag&quot;: 735,\n    &quot;align&quot;: &quot;wide&quot;,\n    &quot;postCount&quot;: 3,\n    &quot;link&quot;: {\n        &quot;url&quot;: &quot;&quot;,\n        &quot;linkTarget&quot;: &quot;&quot;,\n        &quot;rel&quot;: &quot;&quot;\n    },\n    &quot;initialData&quot;: [\n        {\n            &quot;category&quot;: &quot;GSK Updates&quot;,\n            &quot;date&quot;: &quot;10.10.2025&quot;,\n            &quot;excerpt&quot;: &quot;Neue Gesetzesinitiativen zur Fondsregulierung \\u2013 BMF legt zwei Entw\\u00fcrfe vor. Das Bundesministerium der Finanzen (BMF) hat mit dem Fondsrisikobegrenzungsgesetz (FoRG) und dem Standortf\\u00f6rdergesetz (StoF\\u00f6G) unl\\u00e4ngst gleich zwei neue Gesetzentw\\u00fcrfe vorgestellt, die wesentliche \\u00c4nderungen im Kapitalanlagerecht und bei fondsrelevanten steuerlichen Vorschriften mit sich bringen werden. Ziel ist es, die Stabilit\\u00e4t und Transparenz des Fondsmarkts zu st\\u00e4rken, den Anlegerschutz auszubauen und den Investmentstandort Deutschland weiter zu modernisieren. Die Entw\\u00fcrfe ersetzen im Wesentlichen das fr\\u00fchere Fondsmarktst\\u00e4rkungsgesetz (FoMaStG) und setzen zentrale Elemente der AIFM II-Richtlinie um. Welche Auswirkungen diese Neuerungen f\\u00fcr Fondsanbieter, Kapitalverwaltungsgesellschaften und institutionelle Investoren haben k\\u00f6nnen, erl\\u00e4utern wir in unserem aktuellen GSK-Update zu den anstehenden \\u00c4nderungen des KAGB und relevanter Steuervorschriften.&quot;,\n            &quot;featured_img_src&quot;: &quot;https:\\\/\\\/gsk.de\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/GSK-Stockmann-Schutzschild-Schloss-Sicherheitsvorkehrungen-Kreditfonds.jpg&quot;,\n            &quot;id&quot;: 55364,\n            &quot;link&quot;: &quot;https:\\\/\\\/gsk.de\\\/de\\\/anstehende-aenderung-des-kapitalanlagengesetzbuchs-und-fondsrelevanter-steuerlicher-vorschriften\\\/&quot;,\n            &quot;title&quot;: &quot;Anstehende \\u00c4nderung des Kapitalanlagengesetzbuchs und fondsrelevanter steuerlicher Vorschriften&quot;\n        },\n        {\n            &quot;category&quot;: &quot;GSK Updates&quot;,\n            &quot;date&quot;: &quot;04.09.2025&quot;,\n            &quot;excerpt&quot;: &quot;Am 4. Dezember 2024 ist der EU Listing Act in Kraft getreten. Mit dem Ziel, den Kapitalmarkt in Europa insgesamt attraktiver zu gestalten, beinhaltet der EU Listing Act einige wesentliche \\u00c4nderungen der EU-Marktmissbrauchsverordnung, insbesondere im Bereich der Ad-hoc-Publizit\\u00e4t, aber auch bei Managers\\u2018 Transactions (Directors\\u2018 Dealings) und bei Aktienr\\u00fcckkaufprogrammen. Unser Beitrag stellt die wesentlichen Regelungen vor und zeigt auf, welche \\u00c4nderungen insbesondere auf Emittenten zukommen.&quot;,\n            &quot;featured_img_src&quot;: &quot;https:\\\/\\\/gsk.de\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/AdobeStock_612208714-1024x684.jpeg&quot;,\n            &quot;id&quot;: 54701,\n            &quot;link&quot;: &quot;https:\\\/\\\/gsk.de\\\/de\\\/der-eu-listing-act-wesentliche-aenderungen-im-marktmissbrauchsrecht\\\/&quot;,\n            &quot;title&quot;: &quot;Der EU Listing Act \\u2013 Wesentliche \\u00c4nderungen im Marktmissbrauchsrecht&quot;\n        },\n        {\n            &quot;category&quot;: &quot;Pressespiegel&quot;,\n            &quot;date&quot;: &quot;06.05.2025&quot;,\n            &quot;excerpt&quot;: &quot;Gewaltige Investitionen in die \\u00f6ffentliche Infrastruktur stehen an. Gelingt es dem Gesetzgeber, einen tragf\\u00e4higen Rechtsrahmen f\\u00fcr Infrastrukturinvestitionen zu schaffen? &quot;,\n            &quot;featured_img_src&quot;: &quot;https:\\\/\\\/gsk.de\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/Doppelfoto_Bernau_Freytag_1540x900px-1024x598.jpg&quot;,\n            &quot;id&quot;: 53630,\n            &quot;link&quot;: &quot;https:\\\/\\\/gsk.de\\\/de\\\/gastbeitrag-private-debt\\\/&quot;,\n            &quot;title&quot;: &quot;Private Debt als Schl\\u00fcssel f\\u00fcr Infrastrukturinvestments&quot;\n        }\n    ]\n}\"\n\tdata-prop-children=\"\"\n><\/div>\n<\/div><\/div>\n\n<\/div><\/div>\n\n<div class=\"kb-row-layout-wrap kb-row-layout-id1931_2cb9bc-28 alignnone kt-row-has-bg wp-block-kadence-rowlayout\"><div class=\"kt-row-layout-overlay kt-row-overlay-gradient\"><\/div><div class=\"kt-row-column-wrap kt-has-1-columns kt-row-layout-equal kt-tab-layout-inherit kt-mobile-layout-row kt-row-valign-middle\">\n\n<div class=\"wp-block-kadence-column kadence-column1931_91fc43-4d inner-column-1\"><div class=\"kt-inside-inner-col\"><div\n\tdata-component=\"RecentEventsBlock\"\n\tdata-props=\"{\n    &quot;title&quot;: &quot;Aktuelle Veranstaltungen&quot;,\n    &quot;tag&quot;: 145,\n    &quot;linkText&quot;: &quot;&lt;a href=\\&quot;https:\\\/\\\/gsk.de\\\/de\\\/events\\\/\\&quot;&gt;Mehr Veranstaltungen&lt;\\\/a&gt;&quot;,\n    &quot;align&quot;: &quot;wide&quot;,\n    &quot;postCount&quot;: 3,\n    &quot;isEditor&quot;: false,\n    &quot;link&quot;: {\n        &quot;url&quot;: &quot;&quot;,\n        &quot;linkTarget&quot;: &quot;&quot;,\n        &quot;rel&quot;: &quot;&quot;\n    },\n    &quot;styleCard&quot;: &quot;with_image&quot;,\n    &quot;bgColor&quot;: &quot;&quot;,\n    &quot;initialData&quot;: []\n}\"\n\tdata-prop-children=\"\"\n><\/div>\n<\/div><\/div>\n\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Kapitalmarkt Die Kapitalm\u00e4rkte k\u00f6nnen durch ihre Faszination fesseln, sind jedoch in ihren rechtlichen Details anspruchsvoll. Auf der einen Seite: weite technologische M\u00f6glichkeiten. Auf der anderen: eng gefasste Regularien. Gut, einen Partner zu haben, der den Weg dazwischen weist. Die M\u00e4rkte verstehen. Und die, die sie bewegen. Infolge der Finanzkrise befinden&#8230;<\/p>\n","protected":false},"author":32,"featured_media":0,"parent":2256,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"megatrends":[],"class_list":["post-1931","page","type-page","status-publish","hentry"],"acf":{"gsk_tabs":false,"mobil_ausblenden":[],"white_header":false,"show_smallprint":true,"featured_posts":false,"standard_text":true,"custom_text":false,"newslettertitle":"","newsletter_subtitle":"","footertext":""},"_links":{"self":[{"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/pages\/1931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/comments?post=1931"}],"version-history":[{"count":5,"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/pages\/1931\/revisions"}],"predecessor-version":[{"id":52821,"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/pages\/1931\/revisions\/52821"}],"up":[{"embeddable":true,"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/pages\/2256"}],"wp:attachment":[{"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/media?parent=1931"}],"wp:term":[{"taxonomy":"megatrends","embeddable":true,"href":"https:\/\/gsk.de\/de\/wp-json\/wp\/v2\/megatrends?post=1931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}