EQS-WpÜG

Takeover Offer / Target company: ENCAVIS AG; Bidder: Elbe BidCo AG (currently still named Blitz 21-823 AG)

EQS-WpÜG: Elbe BidCo AG (derzeit noch firmierend als Blitz 21-823 AG) / Takeover Offer Takeover Offer / Target company: ENCAVIS AG; Bidder: Elbe BidCo AG (currently still named Blitz 21-823 AG) 14.03.2024 / 08:27 CET/CEST Dissemination of an announcement according to the German Securities Acquisition and Takeover Act (WpÜG), transmitted by EQS News - a service of EQS Group AG. The bidder is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

  

Publication of the decision to issue a voluntary public

takeover offer pursuant to Sec. 10 (1) in conjunction with Sections 29, 34 of the German Securities Acquisition and Takeover Act (WpÜG)

 

 

Bidder:

Elbe BidCo AG (currently still named Blitz 21-823 AG)

Wiesenhüttenstraße 11

c/o TMF Deutschland AG

60329 Frankfurt am Main

Germany

registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Munich under HRB 262997

 

Target:

ENCAVIS AG

Große Elbstraße 59

22767 Hamburg

Germany

registered with the commercial register of the local court (Amtsgericht) of Hamburg under HRB 63197

 

ISIN: DE0006095003 (WKN: 609500)

Today, Elbe BidCo AG (currently still named Blitz 21-823 AG) ("Bidder"), a holding company controlled by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of Kohlberg Kravis Roberts & Co L.P., has decided to offer to the shareholders of ENCAVIS AG ("Encavis") by way of a voluntary public takeover offer ("Takeover Offer") to acquire all no-par value bearer shares in Encavis with a proportionate interest in the share capital of EUR 1.00 per share ("Encavis Shares"). The Bidder intends to offer a cash consideration in the amount of EUR 17.50 per Encavis Share. This represents a premium of approx. 33 % to the undisturbed volume-weighted Xetra average price of the Encavis Share over the past three months as of (including) 5 March 2024.