Dürr family increases its stake in Dürr AG
04/17/2007
Stuttgart, April 17, 2007 – The Dürr family has increased its position as the largest shareholder of Dürr AG. Heinz Dürr GmbH and the foundation Heinz und Heide Dürr Stiftung, Berlin, together now hold 45.0% of the capital of Dürr AG. Previously, they had owned 41.8%.
Heinz Dürr GmbH, Berlin, has taken over the shares which BWK GmbH Unternehmensbeteiligungsgesellschaft, Stuttgart, held in Dürr AG (1,001,000 shares) and has resold 500,000 of these shares to institutional investors. This has further increased the free float; according to the method of calculation used by Deutsche Börse, the free float has risen from 46.7% to 49.9%.
Further, the pool agreement which had existed since 2001 between Heinz Dürr GmbH, the foundation Heinz und Heide Dürr Stiftung, BWK GmbH Unternehmensbeteiligungsgesellschaft and Süd-Kapitalbeteiligungs-Gesellschaft mbH, has been annulled by mutual agreement. Süd-Kapitalbeteiligungs-Gesellschaft mbH currently holds 10% of the capital of Dürr AG and intends to hold an ownership interest of at least 5% in the future. Thus, the affiliate of Landesbank Baden-Württemberg (LBBW) underlines its confidence in the sustained, positive development of Dürr AG.
The Dürr Group is one of the world’s leading suppliers of products, systems, and services for automobile manufacturing. Its range embraces important stages in the vehicle production process. As a systems supplier, Dürr designs and builds paint shops and final assembly plants. Dürr also supplies cleaning and filtration equipment used in the production of engine and transmission components as well as balancing and diagnostic systems for vehicle components. Business with automobile manufacturers and their suppliers accounts for about 90% of consolidated sales. Other important customer groups are the mechanical engineering sector and the chemical, pharmaceutical, coating, and aviation industries.
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