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Sioen to sell 3% family shares to foreign institutional investor
22 Oct '05
2 min read
Coated technical textiles player Sioen Industries announced that 3 percent of family shares sold to foreign institutional investor.
With the assistance of Fortis Bank, the Sioen family is to sell 3% of its shares in the Sioen Industries Group to an important foreign institutional investor. Until now, the shareholding structure has been as follows: 37.5 percent of the shares have been held by the public and 62.5 percent by Sihold (the Sioen family).
After the sale of this non strategic part, the family will retain 59.5 percent of the shares and will continue its controlling interest Sioen Industries is a robust listed company with a turnover of €311.6m (December 2004).
It is the global market leader in coated technical textiles, European market leader in industrial protective clothing, and a niche specialist in fine chemicals, and it processes technical textiles into semi-manufactured items and finished technical products.
The products that Sioen Industries brings onto the market are diverse in nature, but united by their high degree of technical specialisation. The company's ongoing research and development efforts yield new products, applications, techniques and processes.
Belgium based Sioen Industries is a multi-national group active in textiles, fine chemicals and protective apparel. The Apparel division is the market leader in the design and production of high-value protectiveclothing for both industrial and recreational applications. Quality and flexibility characterize Sioen's reputation in this field.
With the assistance of Fortis Bank, the Sioen family is to sell 3% of its shares in the Sioen Industries Group to an important foreign institutional investor. Until now, the shareholding structure has been as follows: 37.5 percent of the shares have been held by the public and 62.5 percent by Sihold (the Sioen family).
After the sale of this non strategic part, the family will retain 59.5 percent of the shares and will continue its controlling interest Sioen Industries is a robust listed company with a turnover of €311.6m (December 2004).
It is the global market leader in coated technical textiles, European market leader in industrial protective clothing, and a niche specialist in fine chemicals, and it processes technical textiles into semi-manufactured items and finished technical products.
The products that Sioen Industries brings onto the market are diverse in nature, but united by their high degree of technical specialisation. The company's ongoing research and development efforts yield new products, applications, techniques and processes.
Belgium based Sioen Industries is a multi-national group active in textiles, fine chemicals and protective apparel. The Apparel division is the market leader in the design and production of high-value protectiveclothing for both industrial and recreational applications. Quality and flexibility characterize Sioen's reputation in this field.
Sioen Industries
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