Elbe BidCo AG Announces Squeeze-Out of ENCAVIS AG Minority Shareholders

Elbe BidCo AG has formally initiated a squeeze-out process, setting a cash settlement of EUR 17.23 per share for the transfer of minority shares in ENCAVIS AG. The decision follows Elbe BidCo's completion of a public delisting acquisition offer and consolidates its hold on approximately 94.15% of ENCAVIS AG's share capital.

The proposed merger, aligned under German corporate law, aims to transfer minority shares to Elbe BidCo. The merger agreement is scheduled for formalization on 3 June 2025. Following approval, ENCAVIS's minority shareholders will be excluded.

The ENCAVIS Annual General Meeting, expected on 16 July 2025, will finalize the transfer resolution. It will be effective upon registration in the commercial registers of both ENCAVIS and Elbe BidCo.