Commerzbank AG, Frankfurt, placed its ten percent stake (8.59 million shares) in Heidelberger Druckmaschinen AG (Heidelberg) through an accelerated bookbuilding in the market.
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The Management Board and employee representatives have today agreed a package solution and framework agreement designed to safeguard employment, cut personnel costs and improve competitiveness at the German sites of Heidelberger Druckmaschinen AG (Heidelberg).
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In future, Cito-System GmbH, based in Schwaig near Nuremberg, Germany, an expert in die cutting and creasing in packaging printing, will train on Heidelberg equipment.
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