Power Reimagined: Enhance Your Knowledge Through These Engaging Insights - US investor's takeover of Encavis nears completion
The executive teams of the Hamburg MDax organization have endorsed this acquisition and advised Encavis investors to approve the proposed cost of 17.50 euros per share. There's likely to be a subsequent acceptance window from May 5 to 18.
In mid-March, a consortium led by KKR provided a voluntary public takeover proposal. Additionally, Viessmann, a family business, is involved as a co-investor, aiming to possess 25.1% of Encavis. The company anticipates this takeover to be worth approximately 2.8 billion euros. Regulatory approval for the takeover is yet to be given.
