How much stock was placed with domestic shareholders and how much with foreign shareholders?
Around 10.7% of stock offered for subscription was placed with private investors in Germany and around 33.9% with institutional investors in Germany. Outside Germany, approximately 53.8% was placed with institutional investors under a private placement. Top In so doing, the company, the disposing shareholders and the consortium banks duly observed the “Principles for Allocation of Share Issues to Private Investors” (also referred to as “Allocation Principles”) published on June 7, 2000, by the Stock Exchange Expert Commission of the German Federal Ministry of Finance.
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