Major Stake in SMT Scharf AG Sold to Yankuang Energy Group

On March 1, 2024, Shareholder Value Beteiligungen AG, along with certain shareholders, agreed to sell approximately 52.66% of SMT Scharf AG’s share capital to Yankuang Energy Group Company Limited. The transaction sets the share price at EUR 11.10, subject to changes based on specific variables before closing. This significant sale involves a majority stake held by Shareholder Value Beteiligungen AG in SMT Scharf AG.

This sale is anticipated to favorably impact the intrinsic value of Shareholder Value Beteiligungen AG, contingent on the normal performance of business activities up to the transaction's completion. Completion is dependent on several customary closing conditions, including investment control procedures in Germany, government regulatory approvals in various jurisdictions, and the consent of Chinese authorities.

Following the transaction, SMT Scharf AG aims to secure its shares' listing on the Frankfurt Stock Exchange's Regulated Market (Prime Standard). The deal reportedly does not mandate a takeover offer to the remaining shareholders of SMT Scharf AG. Yankuang Energy Group, a leading Chinese energy corporation, focuses on future industries including mining and high-end chemistry.