DEUTZ welcomes new minority shareholder
Ardan Livvey sees DEUTZ in an excellent position
Board of Management is open to a joint dialogue
Cologne, May 31, 2021 - Last week, DEUTZ AG was notified that Ardan Livvey Investors B.V., a private investment boutique headquartered in Amsterdam (Netherlands), had completed the acquisition of a minority stake of 3.9 percent in DEUTZ AG.
One of the reasons cited by Ardan Livvey was that DEUTZ occupies an excellent strategic position with regard to the trends of electrification, alternative drive systems, and more efficient machinery. It is thus well placed to benefit from further change within the industry. This view is shared by the management team, and the Board of Management therefore welcomes any new investor that wishes to support DEUTZ as it pursues this strategy.
Ardan Livvey also said that it had identified as yet unused opportunities to create value for investors.
DEUTZ is receptive to all constructive suggestions on the Company's future development. The Board of Management has therefore contacted the investor in order to establish a dialog.
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Deutz AG published this content on 31 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 13:31:05 UTC.