LPKF Laser & Electronics : Bantleon Group considers selling its LPKF stake
May 26, 2020 at 03:20 pm EDT
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DGAP-Ad-hoc: LPKF Laser & Electronics Aktiengesellschaft / Key word(s): Investment
Bantleon Group considers selling its LPKF stake
26-May-2020 / 21:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Garbsen, 26 May 2020 - Today, LPKF Laser & Electronics AG ("LPKF") (ISIN: DE0006450000) has taken note of a release by the Bantleon Group which states that the Bantleon Group is examining various options for its investment in LPKF. Currently, around 18.2% are held by German Technology AG, with another 10.4% held by Joerg Bantleon, the owner of the Bantleon Group. To the company's knowledge, talks are being held with several potential buyers, strategic as well as financial investors, as part of a structured sales process. According to the Bantleon Group, negotiations with a strategic U.S. investor in a similar technology segment are in a final stage. The ongoing talks have not yet been concluded. Alternatively, a placement on the capital market of the shares held by German Technology AG is being considered. In this case, Mr. Bantleon has, according to the Bantleon Group, made a commitment to the mandated investment bank that he will remain a shareholder of LPKF with his privately held shares for at least six months after the completion of the placement. At this time, it is not clear if, or when, a sale or placement of LPKF shares will take place.
LPKF Laser & Electronics AG shares are traded in the Prime Standard segment of the German Stock Exchange (ETR:LPK, ISIN: 0006450000) and are listed in the SDAX index.
Contact:
Bettina Schäfer, Department Manager Group Communication & Investor Relations
26-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
LPKF Laser & Electronics Aktiengesellschaft
Osteriede 7
30827 Garbsen
Germany
Phone:
+49 (0) 5131 7095-0
Fax:
+49 (0) 5131 7095-95
E-mail:
investorrelations@lpkf.com
Internet:
www.lpkf.com
ISIN:
DE0006450000
WKN:
645000
Indices:
SDAX
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
LPKF Laser & Electronics SE, formerly known as LPKF Laser & Electronics AG, is a Germany-based company, which operates as a supplier of laser-based solutions for the technology industry. Its products are used in the manufacture of printed circuit boards, microchips, automotive parts, solar panels and many other components. The Company has four operating segments: development, electronics, welding, and solar. The development segment develops systems for printed circuit board development and research and systems for biotechnology. The electronics segment develops systems for electronic production and the manufacture of glass components. The welding segment develops systems for plastic welding and the solar segment develops systems to produce solar cells and for laser transfer printing.