Germany’s Fielmann to Transfer Stock as Part of Succession Plan

HAMBURG, Germany—Gunther Fielmann, founder, principal shareholder and CEO of Fielmann AG (ISIN: DE0005772206) as well as founder and sole member of the management board of the Fielmann Family Foundation, announced that he is transferring stock to prepare for succession to keep the control of the company, one of the largest optical retailers in Europe, with the Fielmann family.   In the course of implementing his plans for the company to pass down through the generations, Fielmann will transfer 24.52 percent of the shares in Fielmann AG from his shareholding to the Fielmann Family Foundation, meaning that the Fielmann Foundation will receive a holding of 51 percent in Fielmann AG.   Read the article on VMail