Elbe BidCo AG Announces Tender Offer for ENCAVIS AG Shares

Elbe BidCo AG has announced a public delisting tender offer for ENCAVIS AG. This move follows Section 10 of the German Securities Acquisition and Takeover Act. Elbe BidCo AG, backed by Kohlberg Kravis Roberts & Co's subsidiaries, intends to buy all no-par value bearer shares in ENCAVIS it does not currently own. The offered cash consideration amounts to EUR 17.50 per share.

Currently, Elbe BidCo AG holds approximately 87.73% of ENCAVIS' share capital. A delisting agreement has been reached with ENCAVIS, aiming to withdraw ENCAVIS shares from trading on the Frankfurt and Hamburg Stock Exchanges before the offer's acceptance period ends.

This offer, not subject to completion conditions, will comply with German law. Important details will be laid out in the offer document, available after approval from the German Federal Financial Supervisory Authority.