SNP Plans Domination and Profit Transfer Agreement with Succession German Bidco GmbH

On January 22, 2025, SNP Schneider-Neureither & Partner SE announced the receipt of a notice from Succession German Bidco GmbH expressing the intention to establish a domination and profit and loss transfer agreement. This agreement would position SNP as the controlled entity, transferring its profits, while Bidco acts as the controlling body.

Previously, on December 23, 2024, Bidco declared its plan to offer a voluntary public takeover at EUR 61.00 per share to all SNP shareholders. Bidco has already secured a significant control with 76.25% of SNP's share capital and 77.33% of voting rights through agreements with major stakeholders. This foundation gives Bidco confidence to finalize the agreement in the forthcoming general meeting within six months.

SNP's executive board aims to enter negotiations promptly, aligned with antitrust regulations, as per the pre-existing investment agreement from December 2024. Bidco is expected to cover associated costs.