RAS Beteiligungs GmbH, LSW GmbH and SGW-Immo-GmbH made an offer to acquire home24 SE (XTRA:H24) for approximately €250 million on October 5, 2022. The offer price is €7.50 cash per share. In addition, the home24 SE headquarters will remain in Berlin. The consideration will be financed from own resources and through concluding external financing agreements by offerors. The Management Board and the Supervisory Board of home24 have unanimously approved the transaction. The transaction is subject to approval of European Commission and/or the competent authorities in the European Union member states and other regulatory approvals. As of April 18, 2023 European Commission approved the deal. The offer is not conditional on minimum acceptance level. The offerors will have a right of squeeze out upon acquisition of 95% stake in home24. The offer period will commence on November 11, 2022 and end on December 9, 2022. As of December 15, 2022, the extended offer period commences from December 15, 2022 to December 28, 2022.

Carsten Berrar, Konstantin Technau, Michael Rosenthal, Lars Rueve of Sullivan & Cromwell LLP is acting as the legal advisor and Joh. Berenberg, Gossler & Co. KG acted as fairness opinion provider of home24. Macquarie Capital (USA) Inc. acted as financial advisor to XXXLutz Group. Benjamin Leyendecker and David Huthmacher of Kirkland & Ellis International LLP acted as legal advisor to XXXLutz KG.