Edition:
India

Axel Springer Announces Negotiations For Potential Strategic Investment Of KKR


Thursday, 30 May 2019 

May 29 (Reuters) - Axel Springer Se ::DGAP-ADHOC: AXEL SPRINGER SE: NEGOTIATIONS FOR POTENTIAL STRATEGIC INVESTMENT OF KKR.ANNOUNCES EXECUTIVE BOARD IN NEGOTIATIONS WITH KKR AS WELL AS DR. H.C. FRIEDE SPRINGER FOR POTENTIAL STRATEGIC INVESTMENT OF KKR IN CO.EXECUTIVE BOARD IS PURSUING ITS GROWTH STRATEGY OF INCREASING ENTERPRISE VALUE IN LONG-TERM.STATE OF NEGOTIATIONS PROVIDES KKR TO LAUNCH A PUBLIC TENDER OFFER TO OTHER SHAREHOLDERS OF AXEL SPRINGER SE TO ACQUIRE THEIR SHARES.IT IS CURRENTLY OPEN IF THERE WILL BE PUBLIC TENDER OFFER AND INVESTMENT BY KKR IN CO OR ANY SUBSEQUENT CORPORATE STRUCTURAL MEASURES.LEGAL, TAX AND FINANCIAL FEASIBILITY STILL NEEDS TO BE REVIEWED IN DETAIL BY PARTIES INVOLVED. 

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