Steilmann Holding AG
Steilmann: Takeover of Adler Modemärkte AG completed
Steilmann Holding AG / Key word(s): Offer Steilmann: Takeover of Adler Modemärkte AG completed – Bidding company now holds 58.69 per cent of Adler – Additional acceptance period for takeover offer terminated – Steilmann Holding AG will reach revenues of more than one billion Euros Bergkamen, June 4, 2013. With the termination of the additional acceptance period for the voluntary public takeover offer, the takeover of Adler Modemärkte AG by Steilmann/Equinox-bidding company S&E Kapital GmbH has been completed. The period ended on May 29, 2013 at midnight. After completing the transaction S&E Kapital, which is controlled by a majority interest by Steilmann, holds 58.69 per cent of Adler Modemärkte AG. Steilmann group will reach revenues of more than one billion Euros After the takeover of the majority stake of Adler Modemärkte AG the Adler Financial Statements will be consolidated within the Financial Statements of Steilmann Holding AG, the parent company of Steilmannn Group. In the financial year 2012, Adler achieved revenues of 506.1 million Euros. ‘As a result of the takeover, the revenues of the Steilmann group are going to be significantly above one billion Euros. By this, our position as one of the leading European textile companies will be strengthened,’ says Dr. Michele Puller, CEO of Steilmann Holding AG. About Steilmann Holding About Equinox Contact
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