DGAP-News: HENSOLDT AG / Key word(s): Miscellaneous
Federal Republic of Germany decides to acquire a 25.1% stake in HENSOLDT AG
2020-12-17 / 08:22
The issuer is solely responsible for the content of this announcement.
*Federal Republic of Germany decides to acquire a 25.1% stake in HENSOLDT AG
*
*Taufkirchen, 17 December 2020 *- The German Federal Government today
announced its decision to acquire 25.1 percent of HENSOLDT's shares from the
holdings of the current majority shareholder KKR.
HENSOLDT thus wins a new anchor shareholder, KKR will retain approximately
43 percent of HENSOLDT upon closing of the transaction.
Thomas Müller, CEO of HENSOLDT, said: "The strategic stake of the Federal
Republic of Germany underlines our position as an important technology
partner and strategic supplier to Germany. As a leading provider of
electronic sensor solutions, we develop critical elements for next
generation security and defense applications. We look forward to further
expanding the long-standing and trusted partnership with our most important
customer."
As part of HENSOLDT's IPO in September 2020, the Federal Government, KKR and
HENSOLDT have updated the security agreement that has been in place since
2017 in order to continue to protect the security interests of the Federal
Republic of Germany. The agreement granted the Federal Republic of Germany
the option to acquire up to 25.1 percent of HENSOLDT's shares from KKR.
The transaction will be subject to customary closing conditions. With the
acquired stake,
the Federal Republic of Germany becomes the second largest shareholder in
HENSOLDT.
*About HENSOLDT*
HENSOLDT is a pioneer of technology and innovation in the field of defence
and security electronics with more than 150 years of heritage from companies
like Carl Zeiss, Airbus, Dornier, Messerschmitt and Telefunken. Based in
Taufkirchen near Munich, the company is a German Champion with strategic
leadership positions in the field of sensor solutions for
defence and non-defence applications. HENSOLDT develops new products to
combat a wide range of threats based on innovative approaches to data
management, robotics and cyber security. With more than 5,500 employees,
HENSOLDT generated revenue of EUR 1.11 billion in 2019.
www.hensoldt.net [1]
*HENSOLDT press contact *
Joachim Schranzhofer Phone: +49 (0)89.51518.1823
joachim.schranzhofer@hensoldt.net
2020-12-17 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: HENSOLDT AG
Willy-Messerschmitt-Straße 3
82024 Taufkirchen
Germany
Phone: 089 515 18 - 0
E-mail: info@hensoldt.net
Internet: www.hensoldt.net
ISIN: DE000HAG0005
WKN: HAG000
Listed: Regulated Market in Frankfurt (Prime Standard)
EQS News ID: 1155727
Notierung vorgesehen / Designated to be listed;
End of News DGAP News Service
1155727 2020-12-17
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(END) Dow Jones Newswires
December 17, 2020 02:22 ET (07:22 GMT)