Rieter sells holding in JV, Rieter-LMW Machinery

摘要

Shareholders at the 120th Annual General Meeting of Rieter Holding Ltd approved all proposals by the Board of Directors, also including a split of the Rieter Group by separating the Textile Systems and Automotive Systems divisions into independent listed companies. They furthermore voted Mr Erwin Stoller to the Board of Directors for another 3-year term of office. Rieter sells its shareholding in the Indian joint venture Rieter-LMW Machinery Limited.