Morgan Stanley, through its subsidiary Warwick Holdings, commenced a delisting tender offer for remaining shares of VTG. Remaining shareholders will be offered 53.00 euros per share in cash. OMERS Private Equity will invest in VTG in connection with the offer. “By partly refinancing the hybrid bonds through a rights offering, VTG’s financing structure will be permanently solidly secured, as it was always intended. We will only receive the full support of our major shareholder in case of a delisting and therefore, this step is necessary for us”, Dr. Heiko Fischer, chairman of the executive board of VTG, explains and adds: “The commitment of Warwick Holding GmbH to keep Hamburg as the statutory and administrative seat of VTG at least until June 2029 gives us planning security for the future.”