Leica Camera AG is now 100% privately owned

The main shareholders now own all shares of Leica Camera AG. The company shares are no longer traded at the  Frankfurt Stock Exchange:

Information October 1st, 2012
Decision on compensation for minority shareholders now legally effective

The decision made at the extraordinary general meeting of Leica Camera AG on 30 March 2012 to transfer shares of minority shareholders to the main shareholder, Lisa Germany Holding GmbH, was registered with the commercial register of the District Court of Wetzlar on 26 September 2012. With the submission of this decision to the commercial register, the shares of the minority shareholders have now been transferred to the main shareholder in exchange for compensation in cash of 30.18 euros per share. Price-fixing of Leica Camera AG shares has been suspended by the Frankfurt Stock Exchange.

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  • Huggs

    What does that mean for a potential customer like myself?

    • Probably nothing. But it does mean that Leica will not be wasting time and money on stock-related costs or have to cater to faceless anonymous investors.

      Its easier to make big investments and take big risks when the company does not have to care about looking bad in the next quarter.

      • MrGuyFawkes

        but it also meant they’re spending their own money from now on instead of having financial backup from investment group, stock holder etc….so they’ll have a lot less money to work from than before.It’s a double edge sword really, it all depends on sale volume and profit margin.

        • Xavier

          And they won’t have to fire anybody because shareholders lost 1% !Rather a good news. Now, to know what they will do in term of sales is another question, but apparently, luxury goods are selling great lately (crisis ? what crisis ?)

        • Nick

          That’s not true – they can still fund raise in a variety of ways.

          Biggest difference is less onerous reporting requirements making the company easier to run, and less management time needed to keep the public float happy should allow for longer term planning.

        • EnPassant

          No! The Blackstone group owns 44% of Leica! They have a lot of investment money and don’t need other smaller shareholders to supply them!

          • regular

            Yeah, but Blackstone will ask for its toll.

  • If they are 100% privately owned and no longer traded on the Frankfurt Stock Exchange, then they are not an AG (Aktiengesellschaft) any longer.

    • I forgot what AG stands for, I will not use it in future posts.

    • Remedy

      You sir are wrong. Just because they stopped trading the shares on the market does not mean they stopped being AG (Aktiengesellschaft). Those 2 things have nothing to do with each other.

  • hu
    • I guess with the new R solution, Leica SLR are no longer needed 🙂

  • Dan

    @Heinz Richter: An Aktiengesellschaft does not have to be listed. Leica remains an AG (see the commercial register in Wetzlar, HRB 966).

    In terms of what it means for Leica: Blackstone is certainly pushing Leica to broaden and expand its portfolio. Expect them to try to get more customers also for other or new product lines within the next years. I assume they will start co-operations with other companies. However, Blackstone will try to sell its share in Leica in 5, 6 years, and once this happened, be cautious.

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