adesion Factoring GmbH announced a private placement of common shares on September 11, 2020. The company has signed a letter of intent with its shareholders. The transaction will involve participation from existing investor, Autobank AG (WBAG:AW2). Post-closing of the transaction, the investor will increase its stake from 36% to 51% stake in the company. The conclusion of a transaction is subject, among other things, to a satisfactory due diligence, the implementation of a final assessment and the agreement on the contractual documentation. The implementation of the transaction requires the necessary regulatory approvals. The parties intend to expedite due diligence, assessment and negotiation of the contractual documentation.