BRIEF

on OHB AG (isin : DE0005936124)

KKR Completes Regulatory Approvals for OHB Investment

Stock price chart of OHB AG (EBR:OHB) showing fluctuations.

OHB SE, a German space and technology company, announces that KKR has received all regulatory approvals for its investment. All conditions of the voluntary public takeover offer have been fulfilled. As a result, KKR will become a minority investor with approximately 28.6% of the shares, while the Fuchs family retains around 65.4% of the shares. OHB plans to delist from the stock exchange.

OHB will continue its growth strategy with KKR as a partner. The demand for private space solutions is increasing, and OHB aims to become Europe's leading full-service provider in this sector. Marco Fuchs, CEO of OHB, expressed satisfaction with KKR's support for their long-term growth. Christian Ollig of KKR emphasized their goal of making OHB a European Space Champion.

The transaction will be completed by September 9, 2024, and OHB will maintain its status as an independent German family business. The remaining shares, approximately 6%, are in free float.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all OHB AG news