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2006-07-13 .
  UBS purchases 5,25% of GAM

UBS ( formerly known as Union Bank of Switzerland), has announced to the Spanish Securities Market Board the purchase of 1,49 million of shares that represents 5,25% of General de Alquiler de Maquinaria (GAM) share capital. Based on current market price the operation is evaluated in 14 million of euros.

One month after its market flotation, GAM incorporates another leading entity as part of the share holders. UBS, one of the largest European Private Bank becomes part of GAM share holders together with Fidelity International with a 7%, AKO with 6,114%, BBK with a 5% and Gondaral, company owned by the Hinojosa family, with another 5%.



After the first flotation day results, influenced by the negative Securities Market environment, the Company has revaluated from the first flotation closing price by 22%, confirming the consolidation of GAM flotation project.