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MarketScreener Homepage  >  Equities  >  Deutsche Boerse AG  >  HSBC Trinkaus & Burkhardt AG    TUB   DE0008115106

HSBC TRINKAUS & BURKHARDT AG

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HSBC Trinkaus & Burkhardt : agrees to acquire an additional 18.66 % of Trinkaus & Burkhardt AG and intends to conduct a squeeze-out

05/26/2020 | 12:57pm EST

Ad hoc-release

25. May 2020

Ad hoc-release

HSBC agrees to acquire an additional 18.66% of HSBC Trinkaus & Burkhardt AG and intends to conduct a squeeze-out

Today, HSBC Germany Holdings GmbH, Düsseldorf, has informed HSBC Trinkaus & Burkhardt AG that it has entered into a share purchase agreement regarding the acquisition of shares representing approximately 18.66% of the registered share capital in HSBC Trinkaus & Burkhardt AG from Landesbank Baden-Württemberg. Following closing of this acquisition, which will occur shortly, HSBC Germany Holdings GmbH will hold shares equalling approximately 99.33% of the registered share capital of HSBC Trinkaus & Burkhardt AG.

Further, HSBC Germany Holdings GmbH has informed HSBC Trinkaus & Burkhardt AG of its intention to implement a squeeze-out according to sec. 327a para. 1 sentence 1 German Stock Corporation Act (Aktiengesetz). As part of the squeeze-out process, a general meeting of HSBC Trinkaus & Burkhardt AG will resolve on the transfer of shares held by the remaining shareholders (minority shareholders) to HSBC Germany Holdings GmbH in return for an adequate cash compensation.

HSBC Germany Holdings GmbH will, following the above mentioned closing of the acquisition from Landesbank Baden-Württemberg, be HSBC Trinkaus & Burkhardt AG's principal shareholder (Hauptaktionär) in the meaning of sec. 327a para. 1 sentence 1 German Stock Corporation Act (Aktiengesetz) and therefore fulfill the necessary requirement for a squeeze- out under stock corporation law.

The transfer resolution which forms part of the squeeze-out process shall be passed by a general meeting of HSBC Trinkaus & Burkhardt AG anticipated to be held within the 2020 financial year. The exact amount of the cash compensation will be determined by HSBC Germany Holdings GmbH on the basis of a valuation report of an auditor and its adequacy will be reviewed by a separate court-appointed auditor.

This version was published on 25 May 2020 at 09:41 p.m.

HSBC Deutschland

Postfach 10 11 08, 40002 Düsseldorf

Königsallee 21/23, 40212 Düsseldorf

Telefon: +49 211 910-0

Telefax: +49 211 910-616

Contact:

Robert von Heusinger

+49-211-910-1664

robert.heusinger@hsbc.de

Heidi Ashley

+44 7920 254057

heidi.ashley@hsbc.com

Disclaimer

HSBC Trinkaus & Burkhardt AG published this content on 25 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2020 16:37:01 UTC


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Sales 2019 747 M 905 M 905 M
Net income 2019 97,5 M 118 M 118 M
Net cash 2019 2 234 M 2 709 M 2 709 M
P/E ratio 2019 19,5x
Yield 2019 4,26%
Capitalization 2 454 M 2 969 M 2 977 M
EV / Sales 2018 -0,60x
EV / Sales 2019 -0,85x
Nbr of Employees 3 017
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Managers and Directors
NameTitle
Carola Gräfin von Schmettow Chairman-Management Board
Thomas Runge Chief Operating Officer
Andreas Kamp Chief Financial Officer
Paul Hagen Member-Supervisory Board
Hans-Jörg Vetter Member-Supervisory Board