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EQS Group AG Receives Squeeze-Out Request from Pineapple German Bidco GmbH
Pineapple German Bidco GmbH, overseen by Thoma Bravo, L.P. funds, has officially requested a squeeze-out at EQS Group AG. This move aims to acquire the shares of minority shareholders for cash compensation, a strategy defined under Germany's stock corporation law. Pineapple German Bidco GmbH has announced it currently owns about 98% of EQS Group AG's share capital.
The specific date for the EQS Group AG general meeting, where a decision on this transfer will be made, will be announced following legal protocols. This announcement was made on March 1, 2024, from Munich, marking a significant step in the consolidation of ownership by Pineapple German Bidco GmbH within EQS Group AG. The financial details regarding the compensation for minority shareholders are yet to be disclosed.
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