Partial IPO of Bertelsmann planned
Bertelsmann's minority shareholder Groupe Bruxelles Lambert (GBL) has decided to place its shares on the market.
The Bertelsmann media group is to
partially go public. The Bertelsmann minority shareholder
Groupe Bruxelles Lambert (GBL) has decided to sell shares to the market.
bring. However, the move is dependent on market conditions. The
The earliest possible date for the IPO is the end of May 2006, as
Stern.de reports. GBL had joined Bertelsmann in 2001 and
was contractually granted the right to increase its shareholding in some
years to the stock exchange. The remaining shares are in the
hands of the Mohn family and the Bertelsmann Foundation. The
Bertelsmann CEO Gunter Thielen commented on the
GBL's announcement that the company has focused in recent years on
had made intensive preparations for a possible IPO. According to
Süddeutsche Zeitung pointed out that Bertelsmann has been
years and significantly improved its results.
partially go public. The Bertelsmann minority shareholder
Groupe Bruxelles Lambert (GBL) has decided to sell shares to the market.
bring. However, the move is dependent on market conditions. The
The earliest possible date for the IPO is the end of May 2006, as
Stern.de reports. GBL had joined Bertelsmann in 2001 and
was contractually granted the right to increase its shareholding in some
years to the stock exchange. The remaining shares are in the
hands of the Mohn family and the Bertelsmann Foundation. The
Bertelsmann CEO Gunter Thielen commented on the
GBL's announcement that the company has focused in recent years on
had made intensive preparations for a possible IPO. According to
Süddeutsche Zeitung pointed out that Bertelsmann has been
years and significantly improved its results.
