ECE Industriebeteiligungen GmbH Sells Stake in Jenoptik AG

The long-standing major shareholder, ECE Industriebeteiligungen GmbH, has sold its approx. 10.48 percent stake in Jenoptik, and thus the complete remaining shareholding mainly to institutional investors in other European countries. Due to strong demand the total of 6.0 million shares of Jenoptik AG were swiftly and fully placed in the evening of March 31, 2015 at a price of 11.90 euros per share by means of an accelerated book building process.
The sole bookrunner was UniCredit Bank AG. With a nominal capital of 57.2 million shares, the free float of Jenoptik AG will increase from 75 percent to 89 percent, what should improve the tradability and thus make Jenoptik more appealing to institutional investors.
ECE Industriebeteiligungen GmbH is majority-owned by the Humer Privatstiftung which is based in Austria and owned the shares since 2007. The 935,000 Jenoptik shares which have been held by private persons of the Humer family are not part of the placement and will be hold in future as well.
11.0 percent of the shares of Jenoptik AG are hold by Thüringer In­dus­trie­beteili­gungs GmbH & Co. KG, Erfurt. According to its own statement the major shareholder will maintain its commitment and thus continue to accompany the successful development of the Group. (Source: Jenoptik)
Links: Jenoptik

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