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Tion Renewables AG
M&A Activity • Oct 24, 2023
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M&A Activity
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News Details
Ad-hoc | 24 October 2023 19:52
Tion Renewables AG: Hopper BidCo GmbH requests squeeze-out of minority shareholders of Tion Re-newables AG (squeeze-out)
Tion Renewables AG / Key word(s): Squeeze Out/Takeover
Tion Renewables AG: Hopper BidCo GmbH requests squeeze-out of minority shareholders of Tion Re-newables AG (squeeze-out)
24-Oct-2023 / 19:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Grünwald, October 24, 2023. Hopper BidCo GmbH, an acquisition company which is indirectly held by EQT Active Core Infrastructure SCSp, informed Tion Renewables AG today that it has acquired more than 95% of the shares in Tion Renewables AG.
Furthermore, Hopper BidCo GmbH submitted a letter to Tion Renewables AG today requesting that the general meeting of Tion Renewables AG shall pass a resolution on the transfer of the shares held by the remaining shareholders of Tion Renewables AG to Hopper BidCo GmbH in return for an appropriate cash compensation (squeeze out).
The amount of the cash compensation is yet to be determined; it will be communicated by Hopper BidCo GmbH once the necessary valuation of Tion Renewables AG has been completed. Thereafter, in accordance with statutory provisions, Tion Renewables AG will decide upon convening an extraordinary general meeting to resolve upon the squeeze out.
Grünwald, October 24, 2023
Tion Renewables AG
The Management Board
End of Inside Information
24-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Tion Renewables AG |
| Bavariafilmplatz 7, Gebäude 49 | |
| 82031 Gruenwald | |
| Germany | |
| E-mail: | [email protected] |
| Internet: | www.tion-renewables.com |
| ISIN: | DE000A2YN371 |
| WKN: | A2YN37 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1756457 |
| End of Announcement | EQS News Service |