05/26/2020 21:15:12
Bantleon Group considers selling its LPKF stake
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LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Investment
Garbsen, 26 May 2020 - Today, LPKF Laser & Electronics AG ("LPKF") (ISIN: DE0006450000) has taken note of a release by the Bantleon Group which states that the Bantleon Group is examining various options for its investment in LPKF. Currently, around 18.2% are held by German Technology AG, with another 10.4% held by Joerg Bantleon, the owner of the Bantleon Group. To the company's knowledge, talks are being held with several potential buyers, strategic as well as financial investors, as part of a structured sales process. According to the Bantleon Group, negotiations with a strategic U.S. investor in a similar technology segment are in a final stage. The ongoing talks have not yet been concluded. Alternatively, a placement on the capital market of the shares held by German Technology AG is being considered. In this case, Mr. Bantleon has, according to the Bantleon Group, made a commitment to the mandated investment bank that he will remain a shareholder of LPKF with his privately held shares for at least six months after the completion of the placement. At this time, it is not clear if, or when, a sale or placement of LPKF shares will take place.
LPKF Laser & Electronics AG shares are traded in the Prime Standard segment of the German Stock Exchange (ETR:LPK, ISIN: 0006450000) and are listed in the SDAX index. Contact: Bettina Schäfer, Department Manager Group Communication & Investor Relations
26-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | LPKF Laser & Electronics Aktiengesellschaft |
| Osteriede 7 | |
| 30827 Garbsen | |
| Germany | |
| Phone: | +49 (0) 5131 7095-0 |
| Fax: | +49 (0) 5131 7095-95 |
| E-mail: | investorrelations@lpkf.com |
| Internet: | www.lpkf.com |
| ISIN: | DE0006450000 |
| WKN: | 645000 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1055911 |
| End of Announcement | DGAP News Service |