AUSTRIA – Buy_Out Central Europe's takeover of UIAG cancelled

The decision comes only three weeks after Buy_Out Central Europe described the acquisition as "a major growht step." Originally, Buy_Out planned to take over the 62.5% stake held by Cross Industries and subsequently make a mandatory offer for the listed investment firm at EUR 12.12 per share, which is equivalent to an enterprise value of EUR 48.5m.

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• Buyouts
• DACH