Copenhagen Capital Set to Make New Acquisition Offer After Initial Bid Fails

Deal News | Jan 24, 2025 | Globenewswire

Copenhagen Capital Set to Make New Acquisition Offer After Initial Bid Fails

Copenhagen Capital A/S announced a voluntary and conditional takeover offer to the shareholders of NTR Holding A/S on December 17, 2024. The offer was contingent upon Copenhagen Capital acquiring at least 50.01% of the voting rights during the offer period, which concluded on January 15, 2025. However, the final outcome revealed that Copenhagen Capital had received valid acceptances for only 10.1% of the share capital and 7.2% of the voting rights in NTR Holding A/S. As the condition was not met, the original offer has lapsed, meaning the acceptances will not be settled, and the offer will not be extended. Despite this, Copenhagen Capital has acquired additional shares post-offer period and now holds 52.7% of the voting rights, triggering the obligation to present a mandatory takeover offer according to Danish legislation. This mandatory offer must be announced no later than February 13, 2025. The details have been provided in an attachment accompanying the company's statement.

Sectors

  • Finance
  • Real Estate
  • Capital Markets

Geography

  • Denmark – The key entities involved, Copenhagen Capital A/S and NTR Holding A/S, are based in Denmark, and the regulatory obligations referenced are Danish laws.

Industry

  • Finance – The article discusses a takeover bid and the financial transactions related to it, involving shares and acquisitions, which are core activities within the Finance industry.
  • Real Estate – Copenhagen Capital A/S is often associated with real estate investment, as indicated by its engagement in strategic acquisitions.
  • Capital Markets – Copenhagen Capital's obligation to make a mandatory offer falls under capital markets regulations and transactions.

Financials

  • 6.3 – Price per A-share acquired by Copenhagen Capital A/S.
  • 5.0 – Price per B-share acquired by Copenhagen Capital A/S.

Participants

NameRoleTypeDescription
Copenhagen Capital A/SBidding CompanyCompanyCopenhagen Capital A/S is the initiator of the takeover offer and is responsible for launching a mandatory offer due to its share acquisition in NTR Holding.
NTR Holding A/STarget CompanyCompanyNTR Holding A/S is the target of Copenhagen Capital A/S's takeover bid.