CENIT Aktiengesellschaft (XTRA:CSH) signed a purchase agreement to acquire 74.9% stake in Isr Information Products Ag for €28 million on April 3, 2022. CENIT is going to finance the purchase partly from existing liquid funds and partly through bank loans. For the remaining 25.1% shares, CENIT had insured a call option as well as preferential purchase rights, and the sellers will be granted put options. The purchase of the shares is subject to reservation of the approval by the Federal Cartel Office. ISR generated revenues of €22.8 million and EBIT of €3.2 million in the fiscal year 2021.

Jörg-Schneider-Brodtmann,, Vladimir Cutura, Nicole Brandt, Björn Staudinger, Guido Quass, Carsten Ulbricht, Varinia Iber, Jochen Bernhard, Daniel Klass, Eliana Koch-Heinzeler, Marc Ehrmann,Tim Guhring, Frieder Werner, Julia Schneider, Markus Kleinn, Albrecht Bacher, Daniel Haug, Philipp Seiz, Nico Haldy, Clemens Mauch, Yannik Kainhofer of Menold Bezler Rechtsanwälte acted as legal advisor to CENIT Aktiengesellschaft.