Balda cuts stake in TPK

Balda raises $194 million from sale of TPK shares

The club-type deal is done at a 2.9% discount and will reduce Balda’s stake in the Taiwanese technology company to about 2%.
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TPK makes touchscreens for use in a wide variety of products, from tablet PCs to ATMs
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<div style="text-align: left;"> TPK makes touchscreens for use in a wide variety of products, from tablet PCs to ATMs </div>

German plastics component maker Balda has sold almost its entire remaining stake in TPK Holding through a “club-type” deal, raising a total of NT$5.8 billion $194 million. The deal was driven by a reverse enquiry for the seller’s whole position and was launched and priced on Saturday Hong Kong time June 30, allowing Balda to recognise the capital gain in the financial year that ended in June.

Details about the buyers weren’t publicly available, but a source described them as “long-term supporters” of TPK, a Taiwanese company that is a major supplier of touch screens to Apple.

Balda, through its subsidiary Balda Investment...

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