UCB says Financiere de Tubize ups shareholding by 7.58 pct |
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Published
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Fri, 09 Feb 2007 18:49
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BRUSSELS (AFX) - UCB SA said shareholder Financiere de Tubize SA has upped its stake in the pharmaceutical group by 7.58 pct to 36.21 pct.The investment group, which formerly had a 34.03 pct stake in UCB, acquired 13.89 million shares at 48.75 eur per share from the Schwarz family.The Schwarz family is 'committed' to retaining its remaining 9.88 million shares of UCB -- or 5.39 pct shareholding -- until at least June 2010.Financiere de Tubize said: 'This transaction reflects the increased confidence that Financiere de Tubize has in the future prospects of UCB.'It added: 'The stake sold by the Schwarz family holding had been acquired in the context of the friendly takeover of Schwarz AG by UCB.'Roch Doliveux, UCB's chief executive officer, said: 'UCB highly appreciates the enhanced commitment and confidence of Financiere de Tubize and welcomes the endorsement of these new long-term shareholders.'simon.zekaria@thomson.comsz/harCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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