Bielefeld. GILDEMEISTER Aktiengesellschaft has signed a cooperation agreement with the Japanese machine tool manufacturer, Mori Seiki Co. LTD. (Nagoya). The cooperation covers production, purchasing and the development of machines, as well as sales and services in selected markets.
To strengthen the alliance, a cross shareholding has been agreed. Investment in 5% of the shares each, confirms the long-term character of the cooperation. The Mori Seiki shareholding in GILDEMEISTER will take place by way of a capital increase in authorised capital resolved today by the Executive Board.
Through the issue of 2,279,500 new no-par shares, the registered capital of GILDEMEISTER Aktiengesellschaft will be increased from its present Euro 112,586,507.80 to Euro 118,513,207.80. The issue price for the new shares will be Euro 7.93 per share.
The Executive Board