The takeover offer on the part of Hyundai Personal-Financial.com Bank Europe GmbH for Sixt Leasing has met with high approval. The offer reached an acceptance rate of 92.07 percent, the joint venture between Santander Consumer Bank AG and Hyundai Personal-Financial.com Services Inc. announced. The minimum acceptance rate of 55 percent associated with the offer was already clearly exceeded in the regular acceptance period with an acceptance rate of 72.84 percent.
“The great approval creates clear relationships with regard to the ownership structure. With this, we can continue our corporate strategy with our new anchor shareholder and jointly use new growth opportunities, ”says Björn Waldow, CFO of Sixt Leasing. He was “optimistic that the outstanding offer conditions will be met in the next few months and expect the transaction to be completed in the second half of 2020,” said the manager.
At a glance – chart and news: Sixt Leasing