GILDEMEISTER increases its shareholding in Mori Seiki
- GILDEMEISTER strengthens its position as the largest shareholder
- Share in Japanese cooperation partner rises to 9.6% of the voting capital Bielefeld.
GILDEMEISTER Aktiengesellschaft has increased its stake in the Japanese machine tool builder, Mori Seiki. The Bielefeld-based group now holds 9.6% of the voting capital of its strategic cooperation partner.
Both companies have agreed within the framework of the Cooperation Agreement in March 2013 among other things to strengthen their cross-shareholding. GILDEMEISTER has therewith increased its share in Mori Seiki from 5.5% to 9.6%.
“We are delighted that GILDEMEISTER has strengthened its position as the major shareholder“, said Dr Masahiko Mori, president of Mori Seiki Co., Ltd.
“The increase of our shareholding in Mori Seiki is intended to fortify our successful strategic cooperation”, Dr Rüdiger Kapitza, chairman of the Executive Board of GILDEMEISTER Aktiengesellschaft underlined.
GILDEMEISTER Aktiengesellschaft
Executive Board
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Statements relating to the future: This press release serves only as a form of publicity and does not constitute any prospectus or any offer for the sale of securities in the United States of America (USA) or in any other jurisdiction that may be subject to the same restrictions. The securities mentioned in this document may only be sold in the USA upon prior registration or as an exception pursuant to the provisions of the Securities Act of 1933 as amended. GILDEMEISTER Aktiengesellschaft neither intends to register an offer of securities in part or in whole in the USA nor does it intend to make a public offering of securities in the USA or anywhere else other than in Germany.