PACIFICO RENEWABLES YIELD AG EQS-Adhoc: Tion Renewables AG: Hopper BidCo GmbH requests squeeze-out of minority shareholders of Tion Re-newables AG (squeeze-out)
Transparency directive : regulatory news
24/10/2023 19:52
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EQS-Ad-hoc: Tion Renewables AG / Key word(s): Squeeze Out/Takeover
Grünwald, October 24, 2023. Hopper BidCo GmbH, an acquisition company which is indirectly held by EQT Active Core Infrastructure SCSp, informed Tion Renewables AG today that it has acquired more than 95% of the shares in Tion Renewables AG.
Furthermore, Hopper BidCo GmbH submitted a letter to Tion Renewables AG today requesting that the general meeting of Tion Renewables AG shall pass a resolution on the transfer of the shares held by the remaining shareholders of Tion Renewables AG to Hopper BidCo GmbH in return for an appropriate cash compensation (squeeze out). The amount of the cash compensation is yet to be determined; it will be communicated by Hopper BidCo GmbH once the necessary valuation of Tion Renewables AG has been completed. Thereafter, in accordance with statutory provisions, Tion Renewables AG will decide upon convening an extraordinary general meeting to resolve upon the squeeze out. Grünwald, October 24, 2023 Tion Renewables AG The Management Board End of Inside Information
24-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Tion Renewables AG |
| Bavariafilmplatz 7, Gebäude 49 | |
| 82031 Gruenwald | |
| Germany | |
| E-mail: | ir@tion-renewables.com |
| Internet: | www.tion-renewables.com |
| ISIN: | DE000A2YN371 |
| WKN: | A2YN37 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1756457 |
| End of Announcement | EQS News Service |
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1756457 24-Oct-2023 CET/CEST
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