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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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News Flash
UBS Fund Management stake in Rieter drop under 5%
26 Jan '06
1 min read
UBS Fund Management (Switzerland) AG, Basel, has informed Rieter Holding Ltd., Winterthur, on 23 January 2006 that it has fallen below the limit of 5 percent of the voting rights recorded in the Register of Companies for Rieter Holding Ltd.
According to the notification by UBS Fund Management (Switzerland) AG it fell below 5% on 18 January 2006.
Rieter is a Swiss-based industrial group with activities in all regions of the world. It is a leading supplier of products and services for the textile, automotive and plastics industries.
Rieter's worldwide workforce totals approximately 13500 employees, some 13% of whom are based in Switzerland.
The group comprises two divisions: Rieter Textile Systems develops and produces machinery and integrated systems for converting fibers and plastics into yarns, nonwovens and pellets.
According to the notification by UBS Fund Management (Switzerland) AG it fell below 5% on 18 January 2006.
Rieter is a Swiss-based industrial group with activities in all regions of the world. It is a leading supplier of products and services for the textile, automotive and plastics industries.
Rieter's worldwide workforce totals approximately 13500 employees, some 13% of whom are based in Switzerland.
The group comprises two divisions: Rieter Textile Systems develops and produces machinery and integrated systems for converting fibers and plastics into yarns, nonwovens and pellets.
Rieter
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