Schmid’s mobilcom stake sold

12 Dec 2003

The trustee appointed to handle the shares in German mobile reseller mobilcom held by former CEO Gerhard Schmid and his wife, announced yesterday that the 42.42% shareholding has been sold. Professor Helmut Thoma said that the stake fetched a total of EUR44 million, which will go directly into mobilcom’s operating cashflow, but refused to divulge the name of the buyer.