SCHMOLZ + BICKENBACH is informed of the acquisition by BigPoint Holding AG
by David Fleschen
SCHMOLZ + BICKENBACH, a global leader in special long steel, was informed that BigPoint Holding AG, which is controlled by Martin Haefner, has fully acquired the shares of SCHMOLZ + BICKENBACH Beteiligungs GmbH. At the same time, SCHMOLZ + BICKENBACH Beteiligungs GmbH withdrew its appeal to the Swiss Federal Administrative Court against the granting of an exemption in favor of BigPoint Holding AG
As BigPoint Holding AG informed SCHMOLZ + BICKENBACH on January 6, 2020, BigPoint Holding AG fully acquired the 10.09% stake (pre-capital increase; 4.7% after capital increase) of SCHMOLZ + BICKENBACH Beteiligungs GmbH in SCHMOLZ + BICKENBACH AG. In the SCHMOLZ + BICKENBACH Beteiligungs GmbH, the interests of the descendants of the founding families were bundled. With the acquisition of the participation and after completion of the capital increase approved by the Extraordinary General Meeting of SCHMOLZ + BICKENBACH AG on December 2, 2019, Martin Haefner will directly and indirectly hold approximately 49.6% of the share capital of SCHMOLZ + BICKENBACH AG.
Simultaneously with the sale of its stake to BigPoint Holding AG, SCHMOLZ + BICKENBACH Beteiligungs GmbH notified the Board of Directors of SCHMOLZ + BICKENBACH AG of the withdrawal of an appeal filed with the Swiss Federal Administrative Court. The appeal was directed against the exemption granted to BigPoint Holding AG by FINMA from a mandatory offer in the course of the capital increase.
Source: SCHMOLZ + BICKENBACH, Photo: Fotolia