Main shareholder group intends to sell its stake, company intends equity financing

The main shareholder group of Wolford AG, WMP Familien-Privatstiftung, Sesam Privatstiftung and its subsidiary the “M. Erthal & Co.” Beteiligungsgesellschaft m.b.H., as well as related parties announced today the intention to sell their stake, which is a majority stake, in Wolford AG. To this end, the shareholders are starting a process, which is supported by Deloitte Financial Advisory GmbH, for the selection of interested parties. Wolford AG will join this selection process. The purchase of the majority stake by a future core shareholder shall be combined with an equity financing transaction that shall strengthen the company’s liquidity on a long-term basis. The issue size has not yet been determined. Wolford is negotiating with the financing banks in order to secure the financing to meet the liquidity requirements up to that time.