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Uniwheels lead shareholder may sell entire 61.29% stake

TAG'S: Industrial (other)


Listed alloy rims producer Uniwheels's lead shareholder could sell a part or its entire 61.3% stake in the firm as one of the strategic options currently under review, Uniwheels said in a market filing.

"UNIWHEELS Holding has decided to assess strategic options regarding the Controlling Stake," the filing reads. "The process is at an initial stage and UNIWHEELS Holding does not exclude any scenario available, including a potential partial or full reduction of the Controlling Stake."


Uniwheels Holding controls a 61.29% stake of the company. 38.7% of shares are in free float, according to the firm's H1 2016 financial report.


Unwheels' capital divides into 12.4 mln shares.


At the current share price of PLN 209, Uniwheels Holding's stake amounts to PLN 1.59 bln.


The investor has hired an investment bank and legal advisors in the process


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