Uniwheels main shareholder may sell part or entire stake

The lead shareholder of alloy rim producer Uniwheels could sell part of or its entire 61.3 percent stake in the company as part of a review of strategic options, Uniwheels announced. "The process is at an initial stage and Uniwheels Holding does not exclude any scenario, including a potential partial or full reduction of its controlling stake," the company stated in a market filing. Uniwheels Holding owns a 61.29 percent stake in the company, while 38.7 percent of the shares are in free float, according to the firm's H1 2016 financial report. Uniwheels AG is one of Europe's largest suppliers of wheels for car manufacturers and a leading manufacturer of aluminum wheels for the European accessories market. Its consolidated sales revenues reached €436.48 million in 2015. The company has been listed on the WSE since May 2015.