14.10.2015, 14:21
Deutsche Börse: Subscription launch for Steilmann SE shares
OREANDA-NEWS. Shares in Steilmann SE (ISIN: DE000A14KR50) can be subscribed directly via Börse Frankfurt as of today. The subscription period runs until 22 October. The price range is €3.50 – €5.00. A total of around 17 million new equities are expected to be placed.
Steilmann SE plans a listing in the Prime Standard. The first trading day is scheduled for 27 October; Oddo Seydler Bank AG will support the issuance.
According to information provided by the company, Steilmann SE Group is one of the largest apparel companies in Germany by revenue. The family-owned company headquartered in Bergkamen (North Rhine-Westphalia) covers the entire value chain of the clothing industry, controlling all key processes from design and manufacturing to sales in its stores and those of its customers, as well as e-commerce operations. The company’s total revenues, including those of Steilmann Fashion Group and Apanage Fashion Group acquired at the end of last year, amounted to approximately €896 million in 2014. In fiscal year 2014, Steilmann SE Group had over 8,300 employees worldwide.
Steilmann SE plans a listing in the Prime Standard. The first trading day is scheduled for 27 October; Oddo Seydler Bank AG will support the issuance.
According to information provided by the company, Steilmann SE Group is one of the largest apparel companies in Germany by revenue. The family-owned company headquartered in Bergkamen (North Rhine-Westphalia) covers the entire value chain of the clothing industry, controlling all key processes from design and manufacturing to sales in its stores and those of its customers, as well as e-commerce operations. The company’s total revenues, including those of Steilmann Fashion Group and Apanage Fashion Group acquired at the end of last year, amounted to approximately €896 million in 2014. In fiscal year 2014, Steilmann SE Group had over 8,300 employees worldwide.
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