Mutares plans accelerated sale of Steyr Motors shares
The investment company Mutares SE & Co. KGaA announced today, Thursday, after the close of trading, its intention to sell a significant portion of its stake in Steyr Motors AG in Steyr Motors. According to the published ad hoc announcement, Mutares plans to re-place up to 1,000,000 shares in Steyr Motors AG, which corresponds to around 19.2 percent of the engine manufacturer's total share capital. This step is to be carried out via an accelerated bookbuilding process in which the shares will be offered exclusively to qualified investors in a private placement. This procedure was initiated immediately after the publication of the announcement, whereby Mutares points out that the placement may be terminated at short notice.
