Carl Zeiss now a Stock Corporation
Oberkochen, 01.07.2004. Effective immediately, Carl Zeiss, a German organization backed by long tradition, will be incorporated as a stock corporation under German law (AG). With the official entry in the local Commercial Register, its conversion has now been completed.
The new legal structure means a number of strategically significant changes for the leading German opto-electronics company: the stock corporation is an internationally known and recognized legal form, which will considerably facilitate business outside Germany. At the same time, Carl Zeiss will receive corporate governance appropriate to the size and international importance of the company.
President and CEO Dr. Dieter Kurz commented on the completion of the reorganization process: "The creation of 'Carl Zeiss AG' is a crucial requirement for us to achieve our ambitious growth targets."
The Carl Zeiss Foundation is and will remain Carl Zeiss AG's sole stockholder. No stocks will be sold, and there is hence no question of an IPO for Carl Zeiss AG. |  E-Mail
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