DGAP-News: BWK sells its stake in Bechtle
(firmenpresse) - DGAP-News: Bechtle AG / Key word(s): Miscellaneous
BWK sells its stake in Bechtle
01.06.2011 / 17:12
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BWK sells its stake in Bechtle
- Placement of 3.9 million shares worth over 110 million euros
- Great demand from both domestic and foreign institutional investors
- The IT specialist's free float increases to nearly 66 per cent
Neckarsulm, 1 June 2011 - A long-standing principal shareholder in Bechtle
AG, BWK GmbH Unternehmensbeteiligungsgesellschaft, Stuttgart, has sold its
stake of 18.7 per cent to institutional investors in Germany and Europe.
3,916,507 shares were placed through an accelerated book-building process
at 29.00 euros per share.
Thus, Bechtle AG's free float is expected to climb from 47 per cent to just
under 66 per cent of the 21 million issued shares. The shares have been
placed to institutional investors under the management of Deutsche Bank,
Landesbank Baden-Württemberg (LBBW) and M.M. Warburg.
BWK has been a capital investment partner since 1997-before Bechtle's
initial public offering-and now holds no longer an interest in Bechtle. The
Schick family, with shares amounting to some 34 per cent, remains the
largest shareholder.
'The successful transaction shows us, that the business development of
Bechtle AG, along with our current economic strength and strategic
orientation, as well as the Vision 2020, have made a lasting positive
impression on the capital markets. Thus, institutional investors confirm
their confidence in Bechtle. Moreover, we understand the significant
increase in free float as an opportunity, as better liquidity could benefit
the marketability of the Bechtle share', explains Dr. Thomas Olemotz, CEO
of Bechtle AG.
Contact:
Bechtle AG
Investor Relations
Thomas Fritsche
Phone: +49 7132/981-4121
Martin Link
Phone: +49 7132/981-4149
Telefax: +49 7132/981-4116
ir(at)bechtle.com
End of Corporate News
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01.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Bechtle AG
Bechtle Platz 1
74172 Neckarsulm
Deutschland
Phone: +49 (0)71 32/ 9 81-0
Fax: +49 (0)7132/ 9 81 - 8000
E-mail: ir(at)bechtle.com
Internet: www.bechtle.com
ISIN: DE0005158703
WKN: 515870
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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127212 01.06.2011
Datum: 01.06.2011 - 17:12 Uhr
Sprache: Deutsch
News-ID 34300
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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