Elbe BidCo AG Secures Majority Stake in ENCAVIS AG

Elbe BidCo AG has secured 91.12% of shares in ENCAVIS AG. The company plans to implement a merger squeeze-out for ENCAVIS AG's minority shareholders. This move follows Elbe BidCo AG's delisting offer, accepted for approximately 3.39% of the shares. Elbe BidCo now holds a majority stake, surpassing its initial 87.73% ownership. The acceptance period for the offer concluded on January 31, 2025, with final results expected on February 5, 2025.

Elbe BidCo AG has expressed its intention to negotiate a merger agreement with ENCAVIS's management. Within three months of finalizing this agreement, the company aims to transfer remaining minority shares in exchange for cash compensation. Details regarding the cash settlement are yet to be determined. This strategic move aligns with German corporate regulations, facilitating Elbe BidCo AG's full acquisition of ENCAVIS AG shares.