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GC Asia
Friedrich Vorwerk starts investor education for IPO
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 ...Already a subscriber? Login
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