Tarkett’s German Shareholders Squeezed Out

Nanterre, France, August 3, 2006–As planned, Tarkett SA, the French-based holding for the international floor coverings manufacturer, has squeezed out minority shareholders of its German subsidiary Tarkett AG at a share price of EUR 19.50 in cash and has de-listed the company.

Reports say the French industrialist family Deconinck, which dominates the holding, plans to sell some of its own shares and replace other current institutional investors shareholders–largely banks and funds–with private equity investors. Kohlberg Kravis Roberts (KKR) and Vestar Capital Partners have been named.