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Blackstone sells Gerresheimer stake

Post Time:Apr 17,2008Classify:Company NewsView:398

The Blackstone Group has today informed us that it has decided to sell its close to 25% stake in Gerresheimer AG, held by BCP Murano II S.à.r.l. with immediate effect. In the course of the transaction, led by Credit Suisse, 7.8 million shares will be sold to a variety of institutional investors. Blackstone has thus decided to exit its Gerresheimer investment after Gerresheimer’s IPO in June 2007. Dr. Axel Herberg, CEO of Gerresheimer AG: “Blackstone made a successful IPO possible and afforded us enormous growth opportunities. With this exit, our free float rises substantially, making our shares even more attractive to the investment community.”

Source: Gerresheimer AG Author: admin

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