S&E Kapital takes over Adler Modemärkte AG

Steilmann/Equinox-bidding company S&E Kapital GmbH has acquired 58.69% of Adler Modemärkte AG

With the termination of the additional acceptance period for the voluntary public takeover offer, the takeover of Adler Modemärkte AG by Steilmann/Equinox-bidding company S&E Kapital GmbH has been completed.

The period ended on May 29, 2013 at midnight. After completing the transaction, S&E Kapital, which is controlled by a majority interest by Steilmann, holds 58.69% of Adler Modemärkte AG.

The exact amount of the stake results from the acquired 49.96% block of shares of the former major shareholder BluO, the 3.93% of shares tendered in the course of the takeover bid and the 4.8% of shares held by Adler itself.

Pursuant to German securities law, the latter are officially attributed to the new anchor shareholder.

After the takeover of the majority stake of Adler Modemärkte AG the Adler Financial Statements will be consolidated within the Financial Statements of Steilmann Holding AG, the parent company of Steilmannn Group.

In the financial year 2012, Adler achieved revenues of €506m.

“As a result of the takeover, the revenues of the Steilmann group are going to be significantly above one billion Euros. By this, our position as one of the leading European textile companies will be strengthened,” Michele Puller, CEO of Steilmann Holding AG, said.


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