Dave Savastano03.06.09
The notarization of the buy-back by the federal government marks the successful completion of the reorganization and sale of Bundesdruckerei GmbH. Around eight years after Bundesdruckerei was privatized, the federal government is now once again the sole shareholder, thus reflecting the changed security interests of the Federal Republic of Germany. The company's status under private law, however, remains completely unchanged.
As sole shareholder, the federal government will replace the previous owners, partners of the international firm of Clifford Chance and a Frankfurt-based business consultant. They had taken over the group, which at the time was running at a loss and threatened by insolvency during the economic slump that hit the IT and telecommunications market in 2002. The company subsequently underwent fundamental and successful restructuring and reorganisation measures.
Today, Bundesdruckerei records sustainable profits and is an international pioneer in the fields of ID technology and banknote printing. The company's short-term plans include investments in the order of more than 100 million euro in new production facilities in Berlin; a move that is triggered by the growing importance of ID business. Rothschild GmbH advised the seller in this transaction.
As sole shareholder, the federal government will replace the previous owners, partners of the international firm of Clifford Chance and a Frankfurt-based business consultant. They had taken over the group, which at the time was running at a loss and threatened by insolvency during the economic slump that hit the IT and telecommunications market in 2002. The company subsequently underwent fundamental and successful restructuring and reorganisation measures.
Today, Bundesdruckerei records sustainable profits and is an international pioneer in the fields of ID technology and banknote printing. The company's short-term plans include investments in the order of more than 100 million euro in new production facilities in Berlin; a move that is triggered by the growing importance of ID business. Rothschild GmbH advised the seller in this transaction.