SE: Advanced discussions regarding acquisition of 25 percent plus one share of the ordinary shares in Dr. Ing. h.c. F. AG in connection with possible IPO
Stuttgart, 3 September 2022. ( SE), Stuttgart, is currently in advanced discussions with Volkswagen Aktiengesellschaft (VW AG), Wolfsburg, regarding the conclusion of a share purchase agreement for 25 percent plus one share of the ordinary shares in Dr. Ing. h.c. F. AG ( AG), Stuttgart, as well as related further agreements in connection with a possible IPO of AG. The executive board of SE, in unison with VW AG, has therefore resolved today, with the approval of the competent committee of the supervisory board, to convene further board meetings (executive board and supervisory board) for 5 September 2022 in order to resolve on the next steps with regard to the possible acquisition of these shares in AG by SE and the related IPO of AG.
If the boards of both companies reach an understanding to further pursue the transaction (acquisition of 25 percent plus one share of the ordinary shares and IPO), the execution of the agreements and thus the implementation of the IPO of AG would be subject to general market developments, further assessments and board resolutions.