Sidetrade SA (ENXTPA:ALBFR) supervisory board signed a business combination agreement to acquire remaining 31.6% stake in SHS VIVEON AG (XTRA:SHWK) for ?2.4 million on May 1, 2024. Sidetrade has executed binding agreements with shareholders, a 43.0% of the SHS Viveon shares already acquired and 5.7% of the SHS Viveon shares set to be acquired in the coming days. In related transaction, Sidetrade will acquire a 19.7% of the SHS Viveon shares at subsequent dates at the latest in July 2024.

Upon completing these acquisitions, Sidetrade will become the majority shareholder and assume control of SHS Viveon AG. The tender offer is not subject to reaching a minimum acceptance threshold. The tender offer closes on June 17, 2024.

SHS Viveon AG?s supervisory board signed a business combination agreement with Sidetrade on May 1, 2024, and supports Sidetrade?s take-over plans. Sidetrade is assisted by King & Spalding LLP as legal advisor on the transaction and ODDO BHF SE as financial advisor.