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Family-controlled DKSH plans IPO

The families behind DKSH, a Swiss company that helps businesses expand in Asia, will reportedly reduce their stake in the family business through an initial public offering on the Swiss stock exchange this summer.
Family-controlled DKSH© plans IPO
DKSH©

The families behind DKSH, a Swiss company that helps businesses expand in Asia, will reportedly reduce their stake in the family business through an initial public offering on the Swiss stock exchange this summer.

According to Reuters, the Diethelm and Keller families will sell a portion of their shares to the public by the end of June.

They are DKSH’s majority shareholders, owning 63% of the Zurich-based business through their holding company Diethelm Keller Holding.

Diethelm Keller Holding plans to diversify its investment portfolio, the company’s chief executive, Joerg Wolle, told Reuters on 15 February.

He did not confirm to what extend the families will dilute their ownership. But even after the listing, they are expected to remain the company’s biggest shareholder.

Other investors in DKSH include France’s Peugeot family, which owns about 10% of the group through its holding company FFP Invest, and the family of Swiss billionaire Stephan Schmidheiny, which controls just under 10%.

DKSH, which traces its roots to the 1860s, was established in 2002, after Diethelm Keller Services Asia merged with international trading firm SiberHegner. Diethelm Keller Services Asia was itself the result of a merger in 2000, when the Diethelm Group joined with the Keller Group.

In 2011, DKSH, currently chaired by fourth-generation Adrian Keller, had revenues of CHF7.34 billion (€6.07 billion).  

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