Loomis AB (publ) (OM:LOOM B) signed an agreement to acquire Ziemann Sicherheit Holding GmbH from GBK Beteiligungen AG (HMSE:GBQ) and others for an enterprise value, i.e. purchase price plus acquired net debt, approximately €160 million on January 29, 2019. GBK Beteiligungen will sell 7.5% stake in ZIEMANN SICHERHEIT for €9.5 million. ZIEMANN reported a net revenue of €175 million. Loomis is obligated to pay a break-up fee to the seller of €2 million, which will be recognized and reported in the fourth quarter 2019 as acquisition related costs. The execution of the purchase contract is still subject to reservations, including the reservation of antitrust approval. As of December 17, 2019, the Bundeskartellamthas prohibited the acquisition of all shares of Germany's second-largest cash handling service, Ziemann Sicherheit Holding GmbH, by Loomis AB, an internationally active Swedish cash handling service. The transaction is expected to close in the third quarter of 2019. Burc Hesse of Latham & Watkins acted as legal advisor to HANNOVER Finanz GmbH.

Loomis AB (publ) (OM:LOOM B) cancelled the acquisition of Ziemann Sicherheit Holding GmbH from GBK Beteiligungen AG (HMSE:GBQ) and others on December 17, 2019. The merger project ultimately had to be prohibited by Bundeskartellamthas. Neither the parties to the merger nor the joint parties to the proceeding have objected to the decision and thus it is final.