KSB share in Prime Standard
FRANKENTHAL: With effect from today, the Frankenthal-based pumps and valves manufacturer is listed in the Prime Standard, a sub-segment of the Regulated Market with stricter post-admission obligations, on the Frankfurt Stock Exchange.
This means that KSB shares are now traded in the stock market segment with the highest transparency and publicity requirements in Europe.
KSB was previously listed in the General Standard of the Regulated Market. In December 2023, the KSB share was promoted to the German share index SDAX.
Dr Stephan Timmermann, CEO, explains: "The listing in the Prime Standard increases the visibility and attractiveness of the share among international investors. The change reflects our endeavours to support the interests of the capital market.
KSB is a leading international manufacturer of pumps and valves. Headquartered in Frankenthal, Germany, the Group is represented on five continents with its own sales companies, production facilities and service operations. In the 2023 financial year, the Group generated sales revenue of around € 2.8 billion (preliminary figures) with around 16,000 employees.