Salzgitter AG to Increase Free Float by Selling Treasury Shares

Salzgitter AG has initiated the sale of a portion of its treasury shares, which currently account for about 10% of its share capital. This strategic move aims to enhance the liquidity of Salzgitter shares, particularly beneficial for major investors who have expressed concerns about current liquidity levels.

The company plans to sell approximately three million shares. This process is designed to be gradual, minimizing any market disruption. Proceeds from this sale are expected to enhance the financial flexibility of the group, facilitating strategic development.

CEO Gunnar Groebler stated that this decision responds directly to market feedback, aiming to boost share liquidity and provide financial headroom for future growth initiatives. The sale's structure targets minimal market impact while increasing available shares in free float.