Friedrich Vorwerk starts investor education for IPO

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By Aidan Gregory
08 Mar 2021

Friedrich Vorwerk, the German energy infrastructure construction company owned by MBB, has announced its intention to float on the Frankfurt Stock Exchange.

In a statement, Friedrich Vorwerk said it would sell €90m of new stock. MBB, the majority shareholder, and Torben Kleinfeldt, the company’s CEO, are also planning to sell down some of their stakes in the company.

Around 45% of the stock will be in freefloat following the ...

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