Corporate News December 2004
KWS SAAT AG: Share block held by Südzucker AG and Bayerische Hypo- und Vereinsbank AG placed in the financial market; significant oversubscription
Südzucker AG and the Bayerische Hypo- und Vereinsbank AG informed the Executive Board of KWS SAAT AG on December 15, 2004, that they have successfully placed their holdings in KWS SAAT AG of 9.99% (Südzucker) and 15% (HypoVereinsbank) in the financial market. Demand for the shares came primarily from institutional investors in Germany, Great Britain, Scandinavia, Switzerland and Austria. The order book, which was handled by HypoVereinsbank as lead bank and bookrunner, was oversubscribed 1.9 times. In addition to HypoVereinsbank, Sal. Oppenheim KGaA, Cologne, DZ Bank AG, Frankfurt, and Nord/LB, Hanover, were part of the consortium. The placing price was EUR 610 per share. The free float of KWS stock has now risen to a third of the 660,000 shares.
Contact
Georg Folttmann
Phone: +49 (0)5561 / 311 – 640
Fax: +49 (0)5561 / 311 – 510
E-mail: g.folttmann@kws.de
