Mutares submits proposal for majority investment in Sofinter Group

Mutares SE & Co. KGaA has submitted an irrevocable proposal to acquire a large majority stake in Sofinter Group, a manufacturer of industrial and utility boilers with revenues over EUR 250 million. The transaction is expected to close before the end of 2023.

“The transaction will be carried out partly by means of purchase of shares from its current shareholders, partly by means of subscription of a capital increase.”mutares.com

• 1 source
• mutares.comNinth acquisition in 2023: Mutares has submitted an irrevocable proposal for a majority investment in Sofinter (currently participated by Gammon Group) – significant synergies in NEM Energy Group expected - Mutares SE & Co. KGaAWordPress ServiceOct 12, 2023

Summarized from public sources; check the original articles before acting on it.