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MIFA: Details on going Public

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SANGERHAUSEN, Germany (May 7) – Short time before becoming a public-hold company German bike producer Mitteldeutsche Fahrradwerke AG – Mifa in short -revealed more details about their going public. First trading day will be May 17. Interested parties can apply for shares from 10 until May 14. The fixed price per share will be € […]

SANGERHAUSEN, Germany (May 7) – Short time before becoming a public-hold company German bike producer Mitteldeutsche Fahrradwerke AG – Mifa in short -revealed more details about their going public. First trading day will be May 17. Interested parties can apply for shares from 10 until May 14. The fixed price per share will be € 9.25. An totalof 1.5 million shares will be offered. One million shares are rooted in the latest capital increase. The remaining 500,00 shares are given out by Mifa’s former private share holders and general managers Peter Wicht and Michael Lehmann. Mifa employs 422 people and is based in Sangerhausen. It specializes in supplying mass merchants and mail order suppliers such as Metro and Neckermann. A smaller amount of bicycles under the brand names Germatec and Mifa are sold to the German IBD market. In 2003 Mifa produced about 535,000 bicycles (turnover: € 64 million) This year it’ll be around 600,000 (forecasted turnover: EUR 70 million). (JB)

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