DGAP-News: Steilmann: Takeover of Adler Modemärkte AG completed
(firmenpresse) - DGAP-News: Steilmann Holding AG / Key word(s): Offer
Steilmann: Takeover of Adler Modemärkte AG completed
04.06.2013 / 15:17
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Steilmann: Takeover of Adler Modemärkte AG completed
- Bidding company now holds 58.69 per cent of Adler
- Additional acceptance period for takeover offer terminated
- Steilmann Holding AG will reach revenues of more than one billion Euros
Bergkamen, June 4, 2013. With the termination of the additional acceptance
period for the voluntary public takeover offer, the takeover of Adler
Modemärkte AG by Steilmann/Equinox-bidding company S&E Kapital GmbH has
been completed. The period ended on May 29, 2013 at midnight. After
completing the transaction S&E Kapital, which is controlled by a majority
interest by Steilmann, holds 58.69 per cent of Adler Modemärkte AG.
The exact amount of the stake results from the acquired 49.96 per cent
block of shares of the former major shareholder BluO, the 3.93 per cent of
shares tendered in the course of the takeover bid and the 4.8 per cent of
shares held by Adler itself. Pursuant to German securities law, the latter
are officially attributed to the new anchor shareholder.
Steilmann group will reach revenues of more than one billion Euros
After the takeover of the majority stake of Adler Modemärkte AG the Adler
Financial Statements will be consolidated within the Financial Statements
of Steilmann Holding AG, the parent company of Steilmannn Group. In the
financial year 2012, Adler achieved revenues of 506.1 million Euros. 'As a
result of the takeover, the revenues of the Steilmann group are going to be
significantly above one billion Euros. By this, our position as one of the
leading European textile companies will be strengthened,' says Dr. Michele
Puller, CEO of Steilmann Holding AG.
About Steilmann Holding
Steilmann Holding AG is a textile group that is expanding internationally,
with approximately 7,000 employees in 18 countries around the world, about
1,900 of them in Germany. The Group is based in Bergkamen, North
Rhine-Westphalia, Germany, and operates in the fashion and home textile
fields.
The Group's customers include the leading European retail chains, for whom
Steilmann develops, markets, produces and sells all home textile products.
In the fashion operations, Steilmann also supplies own-label products and
collections. Currently, Steilmann has more than 900 own-label stores and
other sales outlets in Germany and other European countries.
About Equinox
Equinox S.A. manages since 2001 operative investment vehicles in the
private equity sector with capital committed above EUR 500 million. Equinox
S.A. invests both with majority and minority stakes and it manages
investments in a wide range of industrial sectors, such as shipping and air
transport, food, energy, biomedical, water and waste treatment, etc.
Contact
Kirchhoff Consult
Sebastian Bucher
T: +49 (0)40 609186-18
F: +49 (0)40 609186-60
E: sebastian.bucher(at)kirchhoff.de
End of Corporate News
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04.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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214728 04.06.2013
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Datum: 04.06.2013 - 15:17 Uhr
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