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Provider: GlobalData
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Fielmann Family Foundation to Hold 51% Stake in Fielmann AG

Monday, 19 Nov 2012 12:19pm EST 

Fielmann AG announced that Mr. Guenther Fielmann, founder, principal shareholder and Chief Executive Officer of the Company as well as founder and Sole Member of the Management Board of the Fielmann Family Foundation, announced that in the course of implementing his plans for the Company to pass down through the generations he will transfer 24.52% of the shares in Fielmann AG from his shareholding to the Fielmann Family Foundation, meaning that the Fielmann Foundation will receive a holding of 51.00% in Fielmann AG. This measure will permanently secure decisive influence and management responsibility over Fielmann AG for the Fielmann family. The Fielmann Family Foundation will be the main shareholder in a family holding company in which the majority of the Fielmann AG shares will be combined. The family holding company is to hold 55.00% of the Fielmann AG shares in future. 

Company Quote

-0.87 -0.88%
11:35am EDT