Succession German Bidco GmbH Plans Domination Agreement with SNP SE

Succession German Bidco GmbH, managed by Carlyle, announced its intention to establish a domination and profit and loss transfer agreement with SNP Schneider-Neureither & Partner SE. This follows their decision to launch a voluntary public takeover offer for all SNP shares not directly held by them, at EUR 61.00 per share.

The agreement includes a share purchase arrangement with SNP's majority shareholder, Wolfgang Marguerre, and commitments from other shareholders, covering 76.25% of the share capital and 77.33% of voting rights. These actions aim to secure enough voting power to approve the agreement within six months.

The planned agreement, under Sec. 291 of the German Stock Corporation Act, will see Succession German Bidco GmbH assume a dominating role over SNP SE, pending antitrust and foreign investment clearances.