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    EQS-Adhoc  105  0 Kommentare Shareholder Value Beteiligungen AG: Signing of a binding agreement for the sale of a block of shares in SMT Scharf AG

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    • Shareholder Value Beteiligungen AG sells 52.66% stake in SMT Scharf AG to Yankuang Energy Group Company Limited for EUR 11.10 per share.
    • Transaction expected to increase intrinsic value of Shareholder Value Beteiligungen AG's portfolio.
    • Closing of agreement subject to customary closing conditions and regulatory approvals.

    EQS-Ad-hoc: Shareholder Value Beteiligungen AG / Key word(s): Contract
    Shareholder Value Beteiligungen AG: Signing of a binding agreement for the sale of a block of shares in SMT Scharf AG

    01-March-2024 / 10:32 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.


    Shareholder Value Beteiligungen AG (ISIN: DE000A168205) announces that, together with other shareholders, it has entered into a binding agreement to sell a stake approximately 52.66% in total of the share capital of SMT Scharf AG to Yankuang Energy Group Company Limited, based in Shandong Province, China, at a price of EUR 11.10 per share. This price per share is still subject to a fixed adjustment mechanism depending on certain variables until the closing of the transaction, which may lead to a deduction of the price per share.
    Upon conclusion of the agreement, SMT Scharf AG's position represents a significant component of Shareholder Value Beteiligungen AG's portfolio. According to the Management Board's current assessment, once the transaction has been completed and assuming normal business performance up to that point, this is expected to make a positive contribution to increasing the intrinsic value of the company compared to the last reporting date.
    In particular, the closing of the agreement is still subject to the occurrence of customary closing conditions, in particular the conclusion of investment control proceedings in Germany and government regulatory approvals in other jurisdictions of subsidiaries of SMT Scharf AG as well as the approval by the competent Chinese authorities.
    Yankuang Energy Group Company Limited takes mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing, and intelligent logistics as pillar industries. It is a mega-sized energy enterprise in China that enjoys four major listing platforms in China and beyond (Shanghai, Hong Kong, New York, Australia).


    Frank Fischer
    Managing Director
    Shareholder Value Beteiligungen AG
    Neue Mainzer Str. 1
    60311 Frankfurt
    Tel: 069 6698300
    Email: ir@shareholdervalue.de


    End of Inside Information

    01-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    Language: English
    Company: Shareholder Value Beteiligungen AG
    Neue Mainzer Straße 1
    60311 Frankfurt
    Germany
    Phone: +49 (0)69-6698300
    Fax: +49 (0)69- 6698-3016
    E-mail: petra.sautter@shareholdervalue.de
    Internet: www.svb-ag.de
    ISIN: DE000A168205
    WKN: A16820
    Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Stuttgart, Tradegate Exchange
    EQS News ID: 1849607

     
    End of Announcement EQS News Service

    1849607  01-March-2024 CET/CEST

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    EQS-Adhoc Shareholder Value Beteiligungen AG: Signing of a binding agreement for the sale of a block of shares in SMT Scharf AG EQS-Ad-hoc: Shareholder Value Beteiligungen AG / Key word(s): Contract Shareholder Value Beteiligungen AG: Signing of a binding agreement for the sale of a block of shares in SMT Scharf AG 01-March-2024 / 10:32 CET/CEST Disclosure of an inside …