June 12, 2017 / 5:28 AM / a month ago

BRIEF-Wolford says main shareholder group intends to sell its stake

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June 12 (Reuters) - WOLFORD AG:

* SAID ON FRIDAY, MAIN SHAREHOLDER GROUP OF WOLFORD, WMP FAMILIEN-PRIVATSTIFTUNG, SESAM PRIVATSTIFTUNG AND ITS UNIT "M. ERTHAL & CO." BETEILIGUNGSGESELLSCHAFT M.B.H., AS WELL AS RELATED PARTIES ANNOUNCED 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

* 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

* Issue Size Has Not Yet Been Determined

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Further company coverage: (Gdynia Newsroom)

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