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.”
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.
2008-04-17T13:00:00Blackstone sells Gerresheimer stake glassonweb.com