September 09, 2009
NOT FOR DISTRIBUTION IN THE USACommerzbank places 5% percent stake in GEA
Commerzbank has sold the entire remaining stake of approximately 5% or 9.2 million shares it currently holds in GEA Group AG. Within only 1.5 hours, the shares with an overall value of ca. 115.9 million Euro were succesfully placed with national and international institutional investors.
The placement price amounted to 12.60 Euro per share. This results in a discount relative to the XETRA closing price of the GEA share on September 8, 2009 (12.78 Euro) of only 1.4 percent.
The Accelerated Bookbuild Offering was led by Commerzbank and UBS Investment Bank acting as Joint Bookrunners.The stake in GEA was held by Sueddeutsche Industrie-Beteiligungs-GmbH, a 100% subsidiary of Commerzbank.
In line with its strategy to focus on its core business, Commerzbank has already sold non-strategic industry stakes in the past.
This announcement is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities.
The distribution of this announcement and the offer and sale of securities may be restricted by law in certain jurisdictions. Any persons reading this announcement should inform themselves of and observe any such restrictions.
THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE OR A SOLICITATION OF AN OFFER TO PURCHASE SECURITIES IN THE UNITED STATES. THE GEA GROUP SHARES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES TO OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS SUCH TERM IS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")), UNLESS REGISTERED UNDER THE SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM SUCH REGISTRATION UNDER THE SECURITIES ACT. THE GEA GROUP SHARES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT.
