Berentzen-Gruppe AG Joins Forces with Sazerac for Takeover Offer

Berentzen-Gruppe Aktiengesellschaft, a listed company on the Frankfurt Stock Exchange, has entered a business combination agreement with Sazerac Company, Inc., a major spirits company. This agreement supports a proposed voluntary public takeover offer to all Berentzen shareholders at EUR 5.55 per share, representing a 68% premium on the three-month average share price before mid-September 2026.

The takeover aims to merge the expertise and geographical reach of both companies, potentially creating strategic synergies and growth opportunities. The offer is contingent upon acquiring at least 50% of Berentzen shares plus one share, with completion expected in the fourth quarter of 2026 if standard market conditions are met.

The executive and supervisory boards of Berentzen back the proposal, highlighting that it aligns with the interests of stakeholders, including shareholders and employees. Post-transaction, Sazerac plans to delist Berentzen shares. The offer document, pending approval by Germany's Bafin, will be made publicly available.