H&R Holding GmbH Proposes Tender Offer to Boost Stake in H&R KGaA

On May 16, 2025, H&R Holding GmbH unveiled a voluntary public tender offer for all outstanding shares of H&R GmbH & Co. KGaA. The move aims to increase Nils Hansen's current 61.45% shareholding in H&R KGaA to a minimum of 85%. The offer price is set at EUR 5.00 per share, representing a premium of over 31% compared to recent market values.

H&R KGaA, a specialty-chemicals firm, faces a demanding market environment, necessitating significant investment in its refineries. This financial undertaking is expected to limit dividend payouts and share price growth for the foreseeable future. The offer gives shareholders an opportunity to sell their shares at a premium amid market volatility.

The tender offer requires a minimum acceptance rate of 85% and is slated for completion in the third quarter of 2025. H&R's management supports the proposal, viewing it as a means to enhance organizational and financial flexibility during the company's transformation phase.