Hamburg, 4 July 2016 - Muehlhan AG has been informed by its second largest shareholder Syntegra Investments 1 S.A.R.L. about their intention to sell their 17.2% stake in Muehlhan AG. To that purpose, Syntegra will offer their Muehlhan shares to the Greverath family (up to 50% of Syntegra’s stake), and to a group of 46 parties, consisting almost exclusively of Muehlhan Group’s executive staff (the remaining Syntegra’s stake), at a price of €1.20 per share. A lockup period of 3 months (50% of the acquired shares), respectively 6 months (for the remaining 50% of the acquired shares) will apply.
About Muehlhan: Worldwide, the Muehlhan Group is a reliable partner in industrial services and high-quality surface protection. As one of the few full-service providers, we offer our customers a broad range of services designed to meet the exacting quality standards expected in professional industrial services. Our customers benefit from our exceptional organizational skills, on-time delivery, the technical expertise that differentiates us from our competitors and our more than 130 years of experience. We have an established market presence in the four business segments in which we operate: Ship, Renewables, Oil & Gas and Industry/Infrastructure. With our workforce of more than 2,800 employees at over 30 locations worldwide, we generated sales revenues of €239 million in 2015. We intend to use this stable foundation to further expand our business in the coming years and to continue moving our Group forward through proximity to our customers in the global market. For more information, visit www.muehlhan.com. Press contact: Muehlhan AG; Tel.: +49 40 75271-150; e-mail: email@example.com