Hella KGaA Hueck & Co. AG (ISIN: DE000A13SX22) has been listed in the Prime Standard of the Frankfurt Stock Exchange since 11 November. 16.8 million shares have been offered as two private placements. The total issue volume including greenshoe was about €430 million. The issue price was €27.50.
The consortium banks are Bankhaus Lampe and Citigroup. Close Brothers Seydler Bank is the specialist.
„We welcome Hella KGaA Hueck & Co. on the Frankfurt Stock Exchange. With a listing in the Prime Standard you opted for highest transparency. As a company from the automotive industry, you will find yourself in good company in Frankfurt,” said Dr. Martin Reck, Managing Director Cash Market at Deutsche Börse.
Dr. Jürgen Behrend, Managing Partner, said: „We are delighted about our successful IPO. HELLA is now a listed family business. This is a further important step for the company’s long-term development. In the future we aim to tap the full potential as a quoted company.”
Dr. Rolf Breidenbach, Chairman, added: „Our listing in the Prime Standard offers us new possibilities to act independently as a family business on a long-term basis and being even more flexible in a global industry. On this foundation we can further implement our growth-strategy successfully.“
According to the company's own data, HELLA is a global, independent family-owned company with more than 30,700 employees at 100 locations in more than 35 countries. The HELLA Group develops and manufactures lighting and electronic components and systems for the automotive industry, and also has one of the largest trade organizations for automotive parts, accessories, diagnosis and services within Europe. In the Special Applications segment, HELLA also develops products for specialist vehicles and entirely independent applications, such as street lighting or industrial lighting systems. With more than 5,800 people working in research and development, HELLA is one of the most important innovation drivers on the market. In addition, with sales of around 5.3 billion euros in fiscal year 2013/2014, the HELLA Group is one of the top 50 automotive parts suppliers in the world.
FTSE Mondo Visione Exchanges Index:
Hella KGaA Hueck & Co. AG IPO In The Prime Standard
Date 11/11/2014