SMT Scharf AG gains new strategic core shareholder/ Admission of the shares to the Regulated Market planned
March 01, 2024 at 04:32 am EST
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EQS-Ad-hoc: SMT Scharf AG / Key word(s): Mergers & Acquisitions
SMT Scharf AG gains new strategic core shareholder/ Admission of the shares to the Regulated Market planned
01-March-2024 / 10:30 CET/CEST
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SMT Scharf AG gains new strategic core shareholder/ Admission of the shares to the Regulated Market planned
Hamm, March 01, 2024 – SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2) announces that its core shareholders, Shareholder Value Beteiligungen AG, Share Value Stiftung as well as Shareholder Value Management AG, have informed it, that the core shareholders and other shareholders entered into binding agreements with Yankuang Energy Group Company Limited based in the province of Shandong, China, on 01 March 2024 for the acquisition of a total interest of approx. 52.66% in SMT Scharf AG by Yankuang Energy Group Company Limited at a price of EUR 11.10 per share. This price per share is still subject to a fixed adjustment mechanism depending on certain variables until the closing of the transaction, which may lead to a deduction of the price per share. The completion of the transaction is still subject to the occurrence of customary closing conditions, in particular the completion of investment control proceedings under public law in Germany and government regulatory approvals in other jurisdictions of subsidiaries of SMT Scharf AG as well as the approval by the competent Chinese authorities.
Yankuang Energy Group Company Limited takes mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing, and intelligent logistics as pillar industries. It is a mega-sized energy enterprise in China that enjoys four major listing platforms in China and beyond (Shanghai, Hong Kong, New York, Australia).
Furthermore, SMT Scharf AG announces, that it intends to apply for admission of the shares of SMT Scharf AG to the Regulated Market of the Frankfurt Stock Exchange and to the sub-segment of the Regulated Market with additional post-admission obligations (Prime Standard) after completion of the transaction.
01-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
SMT Scharf AG is a Germany-based company that manufactures rail-bound transport systems for personnel, equipment and material. Its product portfolio comprises Monorail transport systems, electric monorail transport systems (EMTS), floor-mounted rail systems, chairlift systems for mining personnel transport, cable handling systems and conveyors, as well as diesel-powered and battery-powered locomotives. The Company also provides equipment, such as cable and hose handling systems, shifting units, winches, shunting trolleys, control cabinets and pumps. It operates through subsidiaries in Germany, Poland, the Ukraine, Russia, South Africa and China, such as Sareco Engineering Pty Ltd and Hollybank Engineering Co Ltd, as well as Nowilan Gesellschaft fuer Antriebstechnik mbH, a provider of power train solutions, logistics solutions.
SMT SCHARF AG 
