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Industry: Email Alert RSS FeedAdidas IPO will place 50.1% of its shares. (initial public offering)
Footwear News, October, 1995 by Fallon, James
Germany's Adidas AG will make a public offering of 50.1% of the company's shares in Nov 1995. The offering will give the company a valuation of up to $2.22 billion. After the sale, current shareholder Sogedim S.A. will hold at least 49.9% of Adidas' shares, while current shareholder SEBA Investissements S.A.'s stake will be eliminated. Adidas' net income for the first three quarters of 1995 rose 78%.
FRANKFURT, Germany (FNS) --Adidas AG last week detailed plans for a public offering next month of 50.1 percent of its shares, which will value the company at between $1.92 billion to $2.22 billion (2.68 billion to 3.08 billion DM).
At the same time, the German athletic footwear and apparel company reported a 78 percent increase in net income to $180.57 million (251...
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