DGAP-Adhoc: Signing of an investor agreement in view of a voluntary public takeover offer by Oaktree and CURA
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DGAP-Ad-hoc: Deutsche EuroShop AG / Key word(s): Agreement/Offer
Signing of an investor agreement in view of a voluntary public takeover offer by Oaktree and CURA
23-May-2022 / 08:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Signing of an investor agreement in view of a voluntary public takeover offer by Oaktree and CURA
Hamburg, 23 May 2022 – Deutsche EuroShop AG, Hamburg (ISIN: DE0007480204) (“Company”), has today entered into an investor agreement with Hercules BidCo GmbH, Munich (“Bidder”), pursuant to which the Bidder will make a voluntary public takeover offer (“Offer”) for all outstanding shares of the Company for EUR 21.50 per share in cash. In addition, the Company's shareholders will receive the amount of the dividend payable for the financial year 2021, which is expected to be EUR 1.00 per share, resulting in a total offer value of EUR 22.50 per share.
The Bidder is a subsidiary of Hercules Holdings S.à r.l., a holding company which will in the future be jointly controlled by affiliates of Oaktree Capital Group Holdings GP, LLC and the limited partnership CURA Vermögensverwaltung G.m.b.H. & Co. ultimately controlled by Mr. Alexander Otto.
The Offer will be subject to a minimum acceptance threshold of 50.0% plus one Share (including certain shares already held by Mr. Alexander Otto and entities controlled by him, including Kommanditgesellschaft CURA Vermögensverwaltung G.m.b.H. & Co.) and certain other customary conditions, including merger control clearance of the acquisition by the European Commission or the competent authorities in individual member states of the European Union, as applicable.
On the basis of the investor agreement, the Management Board and the Supervisory Board welcome and support the Bidder's Offer and believe that the Transaction is in the best interests of the Company. Subject to the review of the Offer Document to be published by the Bidder in the course of the Implementation, the Management Board and the Supervisory Board intend to recommend to the shareholders of the Company to accept the Offer.
With regard to the changed shareholder structure in the event of a successful implementation of the Offer, the Company will cancel its annual general meeting convened for 23 June 2022 and will reconvene it for end of August 2022.
Deutsche EuroShop AG
The Management Board
Issued by: Patrick Kiss, Head of Investor & Public Relations
23-May-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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| Language: |
English |
| Company: |
Deutsche EuroShop AG |
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Heegbarg 36 |
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22391 Hamburg |
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Germany |
| Phone: |
+49 (0)40 413 579-0 |
| Fax: |
+49 (0)40 413 579-29 |
| E-mail: |
[email protected] |
| Internet: |
www.deutsche-euroshop.de |
| ISIN: |
DE0007480204 |
| WKN: |
748020 |
| Indices: |
SDAX |
| Listed: |
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: |
1358347 |
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| End of Announcement |
DGAP News Service |
1358347 23-May-2022 CET/CEST
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Die wichtigsten Finanzdaten auf einen Blick
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| |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023e |
| Umsatzerlöse1 |
218,49 |
225,05 |
225,94 |
224,10 |
211,75 |
212,81 |
0,00 |
| EBITDA1,2 |
192,42 |
199,19 |
197,64 |
190,46 |
152,67 |
160,56 |
0,00 |
| EBITDA-Marge3 |
88,07 |
88,51 |
87,47 |
84,99 |
72,10 |
75,45 |
|
| EBIT1,4 |
192,37 |
199,14 |
197,47 |
161,24 |
152,50 |
152,43 |
0,00 |
| EBIT-Marge5 |
88,05 |
88,49 |
87,40 |
71,95 |
72,02 |
71,63 |
0,00 |
| Jahresüberschuss1 |
134,33 |
79,40 |
112,09 |
-251,72 |
59,95 |
21,36 |
0,00 |
| Netto-Marge6 |
61,48 |
35,28 |
49,61 |
-112,32 |
28,31 |
10,04 |
0,00 |
| Cashflow1,7 |
156,02 |
159,20 |
170,21 |
111,09 |
172,67 |
140,63 |
0,00 |
| Ergebnis je Aktie8 |
2,31 |
1,29 |
1,81 |
-4,07 |
0,97 |
0,35 |
1,35 |
| Dividende8 |
1,45 |
1,50 |
0,00 |
0,04 |
1,00 |
2,50 |
1,40 |
Quelle: boersengefluester.de und Firmenangaben
Geschäftsbericht 2022 - Kostenfrei herunterladen. 
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: BDO
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| INVESTOR-INFORMATIONEN |
| ©boersengefluester.de |
| Deutsche EuroShop |
| WKN |
Kurs in € |
Einschätzung |
Börsenwert in Mio. € |
| 748020 |
18,940 |
Kaufen |
1.448,23 |
| KGV 2025e |
KGV 10Y-Ø |
BGFL-Ratio |
Shiller-KGV |
| 10,41 |
13,67 |
0,77 |
11,12 |
| KBV |
KCV |
KUV |
EV/EBITDA |
| 0,71 |
10,30 |
6,81 |
16,67 |
| Dividende '22 in € |
Dividende '23e in € |
Div.-Rendite '23e
in % |
Hauptversammlung |
| 2,50 |
1,65 |
8,71 |
25.06.2024 |
| Q1-Zahlen |
Q2-Zahlen |
Q3-Zahlen |
Bilanz-PK |
| 14.05.2024 |
14.08.2024 |
14.11.2023 |
26.04.2024 |
| Abstand 60Tage-Linie |
Abstand 200Tage-Linie |
Performance YtD |
Performance 52 Wochen |
| 0,14% |
-4,82% |
-16,01% |
-2,17% |
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Deutsche EuroShop AG DE0007480204