Elbe BidCo AG Initiates Merger Squeeze-Out for ENCAVIS AG Minority Shareholders

Elbe BidCo AG has formally requested a merger squeeze-out of the minority shareholders of ENCAVIS AG. Holding 94.15% of ENCAVIS shares, Elbe BidCo has expressed its intent to negotiate a merger agreement with ENCAVIS's management board, offering an appropriate cash settlement for remaining shareholders.

The exact cash settlement figure remains undisclosed, with Elbe BidCo planning to reveal it in a subsequent notice. This move follows the recent settlement of a delisting offer. The merger aims to consolidate ownership under Elbe BidCo, utilizing legal frameworks provided by the German Transformation Act and Stock Corporation Act.