Schindler : Off-exchange transactions amongst members of the Schindler shareholder agreement
January 08, 2020 at 01:48 am EST
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Schindler Holding's majority shareholders have been bound by a shareholder agreement for decades. The member families hold 71% of voting rights and 44% of total capital. Members of the shareholders agreement reallocate shares from the fourth to the fifth generation to secure the families' status and commitment to Switzerland as a location long-term.
Up to 15 transactions amongst members of the shareholders agreement are expected to take place in the next two years. These transactions could range between CHF 20 million and CHF 350 million each. The first transaction at CHF 317 million was closed on December 27, 2019.
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Schindler Holding Ltd. published this content on 08 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 January 2020 06:47:06 UTC
Schindler Holding AG is a Switzerland-based holding company that specializes in the manufacture of escalators, elevators and moving walks. It operates globally within one main segment: Elevators and Escalators. The Elevators and Escalators segment provides a range of elevators for different applications, including freight and special elevators, high-rise elevators, residential elevators and commercial elevators. It also offers commercial and public transport escalators, as well as inclined and horizontal moving walks. It's affiliated company, ALSO Holding AG, which provided information and communications technology and consumer electronics in the wholesale and logistics sectors, was disposed during 2011 and merged with Actebis GmbH, forming ALSO-Actebis Holding AG. In June 2014, closed the real estate development project Mall of Switzerland (formerly EbiSquare) together with Halter AG and sold its stake in EbiSquare AG to Halter AG
SCHINDLER HOLDING AG 
