German legit giant to go public

BERLIN — With the German premiere of “Beauty and the Beast” on Dec. 5, Stella AG, Germany’s largest musical production company, will go public.

Stella, a division of Stuttgart-based Rolf Deyhle GmbH & Co. Holding KG, announced Wednesday that it will offer 49% of its share capital as preference shares.

Stella chairman Guenter Irmler said the coin raised will be invested in domestic and foreign expansion.

Hamburg-based Stella, which produces German-lingo versions of hit musicals such as “Miss Saigon” and “The Phantom of the Opera,” reported revenue of $244 million in 1996, an increase of nearly 30% over the previous year. Profits rose to $18.8 million, up from $8.4 million in 1995.

Stella has obtained exclusive rights to Disney musicals in Europe. The company has plans to take several shows on tour.

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