DGAP-Ad-hoc: Compleo Charging Solutions AG / Key word(s): Takeover/Letter of Intent
Compleo Charging Solutions AG: Exclusive negotiations on the acquisition of Innogy's European e-mobility business
16-Jul-2021 / 08:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Disclosure of insider information pursuant to Article 17 para. (1) of Regulation (EU) No. 596/2014 on Market Abuse as
amended (Market Abuse Regulation - MAR)
Compleo Charging Solutions AG: Exclusive negotiations on the acquisition of Innogy's European e-mobility business
Dortmund, July 16, 2021 - Compleo Charging Solutions AG ("Compleo"), a provider of charging solutions for electric
vehicles, today entered into a term sheet with E.ON SE concerning the acquisition of 100% of the shares in innogy
eMobility Solutions GmbH effective today. The object of the agreement includes the European activities of the
technology provider innogy eMobility Solutions GmbH, which generated revenue of approximately EUR 20 million in the
first half of 2021. Both the charge point operator and charging solutions business remaining with E.On SE and the US
activities of innogy eMobility Solutions GmbH are excluded from the agreement. As part of the agreed exclusivity,
Compleo is currently assessing whether such an investment is beneficial for Compleo and its shareholders.
Both parties are aiming for a possible signing of the contract on the basis of extensive due diligence during the third
quarter of 2021 and a closing of the transaction during the fourth quarter of 2021. The enterprise value underlying the
negotiations is in the mid double-digit million-euro range. According to current plans, the purchase price would be
paid both through the issue of new Compleo shares and through cash components. Whether and, if so, on what terms the
conclusion of a purchase agreement regarding innogy's European e-mobility business between E.ON SE and Compleo will
come about will depend on the further course of negotiations.
Any conclusion of the agreement is subject to the approval of the bodies on the buyer and seller side and any necessary
approval of the antitrust and regulatory authorities.
Contact and notifying person
IR Contact
Compleo Charging Solutions AG
Sebastian Grabert, CFA
Head of Investor Relations
Email: ir@compleo-cs.de
Phone: +49 231 534 923 874
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16-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and
Press Releases.
Archive at www.dgap.de
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Language: English
Company: Compleo Charging Solutions AG
Oberste-Wilms-Straße 15a
44309 Dortmund
Germany
Phone: +49 231 534 923 70
E-mail: ir@compleo-cs.de
Internet: https://www.compleo-cs.com/
ISIN: DE000A2QDNX9
WKN: A2QDNX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1219449
End of Announcement DGAP News Service
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1219449 16-Jul-2021 CET/CEST
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1219449&application_name=news
(END) Dow Jones Newswires
July 16, 2021 02:23 ET (06:23 GMT)