- The Berlin-based Wall AG, the leading company in
the sector for high-quality and customized town furniture, has
acknowledged that JCDecaux SA has acquired an 11.1% interest in Wall
The main shareholders and the board of directors of Wall AG have
not welcomed this participation.
The unauthorized sale of Wall shares was conducted by BCF, a
participation company of the Berlin AG banking company. Wall AG is
examining the matter to ascertain whether claims for damages can be
Hans Wall, chairman of the board of directors and majority
shareholder at Wall AG, commented on the sale of the shares by
saying: 'We are very disappointed by the actions taken by BFC and the
Landesbank Berlin. It's a sign of incompetence when a block of shares
from a medium-sized company is sold without consultation and, what's
more, to the main competitor.'
The participation of JCDecaux SA does not influence company
decisions, whether on the board of directors or the supervisory board
of Wall AG. Therefore, this participation does not represent a
strategic but a purely financial participation.
ots Originaltext: Wall AG
PART OF SUCCESS(r)
Sebastian C. Strenger