The SAME DEUTZ-FAHR Gruppe (SDF) has announced that it has reduced its shareholding in DEUTZ AG by around 19.9 per cent by means of an accelerated book-building process. This reduces SDF's shareholding in DEUTZ AG from around 45.0 per cent to around 25.1 per cent. This does not affect the strategically important business ties between the two companies and SDF remains the largest shareholder in the Cologne-based engine manufacturer.
The bundle of shares sold by SDF was acquired exclusively by institutional investors.
"The speed and ease with which it was possible to place a total package of 24 million DEUTZ shares with institutional investors illustrates just how attractive our company is to investors.", said Dr Margarete Haase, CFO of DEUTZ AG. "We expect to see further benefits in future from the substantial increase in the number of shares in free float."
For further information on this DEUTZ press release, please contact
Investor Relations
Maria Babilas
Tel.: +49 (0)221 822-5400
Fax: +49 (0)221 822-15-5400
E-Mail: babilas.m@deutz.com
Public Relations
Georg Diderich
Tel.: +49 (0)221 822-2200
Fax: +49 (0)221 822-15-2200
E-Mail: diderich.g@deutz.com
