Jameson Legal

 

Resource

 

 

 

 

 

 

 

 

 

 

 

Successful start of trading in IPO of EDAG

02 Dec 2015

On 4 November 2015 EDAG Engineering Group, a leading independent provider of engineering services for the global automotive industry, announced its intention to do an initial public offering (IPO) and admission for trading in the regulated market of the Frankfurt Stock Exchange (Prime Market). On 2 December 2015 trading of EDAG shares on the Frankfurt Stock Exchange started successfully.

EDAG is a world leading independent provider of engineering services and develops solutions for the global automotive industry. With an international network of 57 locations in the most important centers of the automotive industry in the world, EDAG services leading national and international car manufacturers and suppliers. As at 30 June 2015 EDAG employed approximately 7,600 employees (including trainees) in 19 countries.

The listed entity, EDAG Engineering Group AG, is domiciled in Switzerland.

Niederer Kraft & Frey acted as Swiss counsel to EDAG in the IPO in collaboration with Freshfields Bruckhaus Deringer LLP as German and US Counsel. Members of the NKF team comprised Philippe Weber (team leader), Andreas Casutt (Corporate Governance), Markus Kronauer (Tax), Bertrand Schott (Banking and Securities) and Roman Sturzenegger (Corporate).

Matter Type
Banking & Finance - Capital Markets: Equity
Industry
Automotive
News Category
M&A
Banking & Finance