SGS announces that the von Finck family has successfully completed the sale of 960,000 SGS shares (12.7% of SGS share capital) by way of an accelerated bookbuild offering at a price of CHF 2,425 per share. It retains approximately 3% of SGS share capital.
Our largest shareholder, GBL, participated in the transaction and has increased its stake from 16.7% to 18.9% of SGS share capital. Furthermore, the transaction diversifies our investor base and increases our free-float.
Following the successful completion of the accelerated bookbuild, the remaining von Finck holding is subject to a 180-day lock-up.
"We thank the von Finck family for their long-term support and commitment to the SGS group," said Peter Kalantzis, Chairman of the Board of Directors of SGS.
