Uniwheels for sale? Controlling shareholder assessing “strategic options”

Thursday 6th October 2016 | 0 Comments

 
Uniwheels’ latest plant in Poland may have a new majority owner should Uniwheels Holding opt to sell its 61.29% shareholding
Uniwheels’ latest plant in Poland may have a new majority owner should Uniwheels Holding opt to sell its 61.29% shareholding

A sharp dip in the Uniwheels AG share price was reversed on the afternoon of 4 October after the company informed the Warsaw Stock Exchange (WSE) about its controlling shareholder’s decision to “assess its strategic options.” Uniwheels Holding (Malta) Ltd., a holding company owned by former Uniwheels chief executive officer Ralf Schmid and his brother Michael, is currently “at an initial stage” with its assessment, reported the German alloy wheel manufacturer.

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