RLB OÖ to Sell Its Stake in Polytec

IndustrialsAutomotive ♦ Published: June 29, 2011; 06:52 ♦ (Vindobona)

The Upper Austrian regional bank will sell its shares in the component supplier for approximately € 34m.

RLB OÖ to Sell Its Stake in Polytec / Picture: © Polytec

Raiffeisenlandesbank Oberösterreich (RLB OÖ) sells its stake in Polytec. The company has been informed on Tuesday that up to 4.54 million shares (this corresponds to approximately 20.3% of the voting share capital) will be placed in the course of an accelerated book building by Wednesday, June 29, 2011. The shares are currently held by PT Automotive Consulting GmbH and IHC Holding…