ENCAVIS AG Endorses KKR's Delisting Offer

On January 3, 2025, the Management and Supervisory Boards of Encavis AG recommended accepting KKR's public delisting acquisition offer. Encavis's leadership assessed the offer document, concluding the offer price of EUR 17.50 per share as fair and adequate. The delisting aims to reduce costs associated with stock exchange listings and streamline operations.

KKR, alongside Viessmann as a co-investor, plans to continue supporting Encavis's growth strategy post-delisting. As of the offer's publication, KKR and affiliates already hold about 87.73% of Encavis's capital. Shareholders can accept the offer until January 31, 2025.

This move is part of a broader strategy to enhance Encavis's financial efficiency while fostering long-term growth. The delisting is set to proceed swiftly once the acceptance period concludes.