On 26 May 2020, RSBG SE, the industrial investment company of RAG-Stiftung, suc-cessfully placed 5.5 million shares of Stadler Rail by way of an accelerated bookbuilding process, representing approximately 5.5 per cent. of the total number of Stadler Rail shares outstanding. The shares were placed at CHF 38.10 per share, resulting in gross proceeds of approximately CHF 210 million. Following the placement, RSBG SE continues to hold approximately 4.5 per cent. of the shares in Stadler Rail.