Gestamp Facilitates Sale Of Shares On Behalf Of ACEK
Jun 06, 2018 03:14PM
By Kathleen Maris
Gestamp Automoción S.A (Gestamp), a multinational company that specializes in the design, development, and manufacturing of metal components for the automotive industry, announced the sale of 1.48 percent of shares via a block trade to institutional investors on behalf of ACEK Desarrollo y Gestión Industrial S.L. (ACEK). As a result, the company increased its free float to 30.05 percent.
The initial objective at the time of the IPO of reaching a free float of more than 30 percent has been accomplished with the sale of 8,532,331 shares.
ACEK, the investment vehicle of the Riberas family, continues to hold an ample majority in the company and ratifies its long-term commitment with Gestamp.