MBO shareholder group of Burckhardt Compression reports shareholding of 9.97%
The MBO shareholder group initiated and participated in the management buyout transaction in 2002 and conducted Burckhardt Compression's IPO in 2006. Over the years, the MBO shareholder group regularly renewed their shareholders' agreement. Its members retired in the meantime from the company's executive management and from the Board of Directors and they gradually reduced their ownership in the company over the last 16 years.
Burckhardt Compression has been informed that the combined ownership of the MBO shareholder group is now reduced to 9.97%. The MBO group remains the largest shareholder of Burckhardt Compression and, as previously informed (News, dated December 15, 2020), has a renewed five year shareholders’ agreement in place with a term until May 2026.
With a new CEO in place since April 2022 and a new strategy presented at the Capital Markets Day in November 2022, the company is well positioned to capitalize on the fundamental trends for energy transition and security worldwide.