Busch would not rule out controlling majority in Pfeiffer Vacuum
Busch, the German vacuum pump and compressor specialist, would not rule out gaining control of local rival Pfeiffer Vacuum, Boersen-Zeitung reported. The German daily cited Busch owning family member Sami Busch, who told the paper a controlling majority is a possible option, adding that he is looking at all possibilities. Busch said he could acquire further Pfeiffer Vacuum shares if a good opportunity arises.
Busch acquired a 15% stake in September describing it as a financial investment and having no intention of exerting board influence, the report noted. Busch is now talking to Pfeiffer Vacuum regarding an appropriate representation on the board, Busch told the paper.
Busch now holds 27.2% in the company.
Pfeiffer Vacuum has a market cap of EUR 1.069bn.
Boersen-Zeitung