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| Zumtobel ranks as one of Austria's blue chips As from 18 September 2006, the shares of Zumtobel AG are to be listed in the ATX (Austrian Traded Index) of the Vienna stock exchange. The ATX comprises the 20 shares with the highest liquidity traded on the prime market of the Vienna stock exchange. On 31 August 2006, the shares of the Vorarlberg-based lighting group were ranked 18th in terms of trading volume on the prime market. The criteria which determined admission of Zumtobel shares to the ATX included not only average daily trading volume but also the high market capitalisation with a free float weighting factor of 0.75. Zumtobel AG issued a total of 44.7 million shares and has been listed on the Vienna stock exchange since 12 May 2006. The issue price was set at EUR 20.50. The free float amounts to approximately 60.4% of the Zumtobel shares. Of the previous shareholders, the Zumtobel family holds just over 34% of Group's shares, while the financial investor KKR (Kohlberg Kravis Roberts & Co) retains a 5.5% stake. Zumtobel shares are currently quoted at EUR 17.53 (closing rate on Tuesday, 5 September 2006). write your comments about the article :: © 2006 Construction News :: home page |