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Investing.com -- Major shareholders of Wacker Neuson SE (ETR:WACGn), the German construction equipment maker, are reportedly exploring the possibility of selling their stakes in the company, according to Bloomberg. The shareholders, who have chosen to remain anonymous, are said to be working with an adviser to assess potential interest in their stakes.
Among those interested in the company are private equity firms, who have been studying the company. Following the news, Wacker Neuson stock has jumped 9.1% in European trading.
Shareholders of Wacker Neuson have pooled their stakes under Wacker Familiengesellschaft mbH, which owns a 15% stake in the company, as indicated on the company’s website. Additionally, a trust named PIN Privatstiftung holds a 26% stake, while SWRW Verwaltungs-GmbH has a 17% interest.
Wacker Neuson is known for manufacturing a wide range of construction equipment, including excavators, wheel loaders, rammers, and rollers. The company operates under various brands such as Wacker Neuson, Kramer, Weidemann, and Enar.
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