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DG Bank subsidiary acquires stake in Nachtmann

11 February 1999: DG Bank subsidiary BmU Beteiligungsgesellschaft fuer mittelstaendische Unternehmen mbH of Frankfurt am Main (Germany) has reportedly acquired a 29.8% stake in FX Nachtmann Crystal AG…

11 February 1999: DG Bank subsidiary BmU Beteiligungsgesellschaft fuer mittelstaendische Unternehmen mbH of Frankfurt am Main (Germany) has reportedly acquired a 29.8% stake in FX Nachtmann Crystal AG of Neustadt an der Waldnaab at the end of 1998. According to a recent report, the acquisition is seen as preparation for the crystal and lead crystal manufacturer gaining a stock market listing. Board member Toni Frank said the flotation is planned for the second half of 2000. The Frank family previously held 100% of shares. No details of the purchase price have been disclosed.

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