Bielefeld, Germany. WestLB AG, with offices in Düsseldorf and Münster (Germany), has sold its shareholdings of slightly over 5% in GILDEMEISTER Aktiengesellschaft. The shares have been placed with German institutional investors. The GILDEMEISTER shares are now held exclusively in free float.
More than two years ago, WestLB announced that it was going to change its investment policy and gradually dispose of its industrial investments. “We knew that for some time already”, said GILDEMEISTER Chairman Dr. Rüdiger Kapitza, pointing out that the sale was no surprise. The price of GILDEMEISTER shares has been rising steadily over the last few weeks. This trend should be reinforced by the EMO, the most important trade fair for machine tools worldwide, to be held 14 – 21 September in Hanover. At the EMO GILDEMEISTER will present 65 innovative exhibits, including 9 world premières.
The Executive Board