ENCAVIS AG: Successful Public Takeover Offer by KKR Exceeds 54.3% Minimum Acceptance Threshold

Hamburg, 4 June 2024 – Encavis AG announced a successful voluntary public takeover offer by KKR, surpassing the minimum acceptance threshold of 54.3%. As of 29 May 2024, the acceptance rate reached 68.55%. The statutory additional acceptance period will run from 5 June to 18 June 2024.

Elbe BidCo AG, the holding company controlled by KKR, will become the new majority owner pending regulatory approvals. The final result will be announced post the additional acceptance period on 21 June 2024. Encavis management supports the offer price of 17.50 Euro per share.

The takeover aims to accelerate Encavis' growth and strengthen its market position. The Bidder plans to delist Encavis post-transaction closure, expected by Q4 2024, while maintaining non-domination agreements for two years.