Announced
Financials
Tags
railway systems
Friendly
Majority
Public
Acquisition
Germany
Machinery: Construction
Domestic
Single Bidder
technology
Pending
Synopsis
SHV Group, a Germany-based company that invests in listed companies, to acquire a 69.76% stake in SMT Scharf, a global technology company, for $46.4m. "Given the mandatory offer by our major shareholder, we have examined a downlisting and considered it reasonable in light of the current overall situation. SMT Scharf AG could save considerable costs with a downlisting, which would also help us to further reduce costs within the Group, given the extremely difficult corporate situation due to coronavirus. As far as future financing opportunities are concerned, access to the capital market remains secured. At the same time, this does not change the fact that we will continue to be open to dialogue, and communicate regularly and transparently to the capital market," Hans Joachim Theiss, SMT Scharf CEO.
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