Corporate | 12 June 2015 11:49
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Muehlhan AG / Key word(s): Miscellaneous
PRESS RELEASE
GIVE Capital GmbH acquires 750,000 no-par-value shares from Syntegra Investments I
– Muehlhan AG now majority-owned by founding family – Purchase of shares serves to strengthen long-term company strategy Hamburg, 12 June 2015 – Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) reports that, with effect from 10 June 2015, GIVE Capital GmbH has bought 750,000 no-par-value shares from Syntegra Investments I S.à r.l. This represents a 3.85% share of the 19,500,000 shares in issue. With this acquisition of this share, 50.01% of the shares and voting rights are now controlled by the company’s founding family. Emphasizing the significance of this step for the business, longstanding lead shareholder Dr. Wulf-Dieter Greverath says: “Despite a difficult environment, the Executive Board has very successfully realigned Muehlhan AG in recent years. With our decision acquire majority control we want to support this course of action over the long term. I expect the new ownership structure to further strengthen the company’s bargaining position. Ultimately, the other shareholders will benefit from this too.” Andrea Greverath was appointed to the Supervisory Board in December 2014. As a representative of the next generation of the founding family she also supports this decision: “The Muehlhan Group has an excellent reputation in its business. In coming years this reputation and a crystal-clear corporate identity will help Muehlhan forge ahead successfully in international markets.” The chairman of the Executive Board, Stefan Müller-Arends, sees distinct advantages for operations: “The clear ownership structure will further improve our bargaining position, for example regarding acquisitions as well as negotiations with investors and banks.”
About Muehlhan:
Worldwide, the Muehlhan Group is a reliable partner in industrial services and high-quality surface protection. As one of the few full-service providers, we offer our customers a broad range of services designed to meet the exacting quality standards expected in professional industrial services. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise that differentiates us from our competitors and our more than 130 years of experience.
Press contact: Muehlhan AG; Tel: +49 40 75271-150; E-mail: investorrelations@muehlhan.com 2015-06-12 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| Language: | English | |
| Company: | Muehlhan AG | |
| Schlinckstrasse 3 | ||
| 21107 Hamburg | ||
| Germany | ||
| Phone: | +49 40 75271 0 | |
| Fax: | +49 40 75271 130 | |
| E-mail: | investorrelations@muehlhan.com | |
| Internet: | www.muehlhan.com | |
| ISIN: | DE000A0KD0F7 | |
| WKN: | A0KD0F | |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
| End of News | DGAP News-Service |
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