Akila SA and Jacobs AG Trade Block of Adecco Shares.Business Editors ZURICH, Switzerland--(BUSINESS WIRE)--February 9, 2001 The two largest shareholders of Adecco, Akila SA and Jacobs AG placed this morning a block of 600,000 shares at the price of CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1,100 to Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. . Both shareholders reiterate their confidence in their investment in Adecco, and inform that the decision to sell part of their holdings was purely based on personal reasons. Shares were placed outside the market to a range of institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. with the assistance of Goldman Sachs. This transaction will increase the free float Free float An exchange rate system characterized by the absence of government intervention. Also known as clean float. and is expected to broaden the shareholder base of Adecco. |
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