Svitzer Extends Offer Acceptance Period Amid Regulatory Clearance
Deal News | May 01, 2025 | Globenewswire
APMH Invest A/S (APMHI), a unit of A.P. Møller Holding A/S, has extended the deadline for its cash purchase offer for Svitzer Group A/S shares to May 14, 2025, to obtain necessary UK regulatory approvals. Approval from the Swedish Inspectorate of Strategic Products has already been secured. APMHI's offer, backed by nearly 90.7% of Svitzer's capital and voting rights upon preliminary acceptance, is close to fruition, pending final results. The process highlights the complexity of cross-border mergers requiring various clearances, spotlighting APMHI's confidence in meeting the intricate regulatory landscape. Shareholders are urged to review detailed offer documents before committing.
Sectors
- Marine and Shipping
- Private Equity
Geography
- Denmark – Svitzer is incorporated under Danish law, and the transaction is subject to Danish regulations.
- United Kingdom – Regulatory approval required under the National Security and Investment Act 2021.
- Sweden – Approval from the Swedish Inspectorate of Strategic Products is part of the regulatory framework.
Industry
- Marine and Shipping – Svitzer is involved in providing marine services, essential to port infrastructure.
- Private Equity – APMH Invest is a private equity entity involved in the acquisition offer.
Financials
- 90.7% – Percentage of Svitzer's share capital and voting rights preliminarily accepted by APMHI.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| APMH Invest A/S | Bidding Company | Company | A wholly-owned subsidiary of A.P. Møller Holding A/S making a purchase offer for Svitzer shares. |
| Svitzer Group A/S | Target Company | Company | A leading global towage and marine services provider. |
| A.P. Møller Holding A/S | Parent Company | Company | Parent company of APMH Invest A/S. |
| Citi | Financial Advisor | Company | Providing financial advice to Svitzer. |
| Secretary of State in the UK | Regulatory Authority | Government | Responsible for clearing the acquisition under the National Security and Investment Act 2021. |
| Independent Directors of Svitzer | Advisory Role | People | Providing an independent statement regarding the Offer. |