German company Glashuetter Uhren, privatised in 1994, has announced plans to seek stockmarket listing. According to managing partner Heinz W. Pfeiffer, the company will be converted into a joint stock…
German company Glashuetter Uhren, privatised in 1994, has announced plans to seek stockmarket listing. According to managing partner Heinz W. Pfeiffer, the company will be converted into a joint stock company at the end of 1997. To start, the company plans to issue preference shares. In 1995, Glashuetter expected to sell around 5,000 clocks and watches and to record turnover of between DM 16 million and DM 18 million at retail prices. The company aims to reach break even in 1997.