|
contents | business | |||||||||
| KKR disposes of stake in Zumtobel Group shares The private equity firm KKR has sold its outstanding ordinary shares of Zumtobel Group, representing 5, 5% of its share capital. The transaction was conducted over the counter through Bank Austria Creditanstalt AG. About 2,440,429 million ordinary shares were subsequently sold to various institutional investors. The shareholder structure of the company will be as follows after the placement: Around 34% Zumtobel family and 65, 9% free float. The shares are listed on the Vienna Stock Exchange (ATX) since its initial public offering on 12 May 2006. The Zumtobel Group, based in Dornbirn in the Vorarlberg region of Austria, is one of the few global players in the lighting industry. write your comments about the article :: © 2006 Construction News :: home page |