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Sidetrade agrees public tender offer for SHS Viveon AG

Thursday 2nd May, 2024

Sidetrade has announced its intention to acquire SHS Viveon AG, a German leader in credit risk management software, following an agreement made with its supervisory board.

Headquartered in Munich, Germany, SHS Viveon AG offers applications designed to enable risk, credit, and compliance management teams to automatically identify, assess, and hedge risks in a flexible, digital process. It simplifies access to all relevant data from any system, improves analysis and simulation, and enables better business decisions.

Sidetrade has secured 1,702,407 shares, representing 68.4% of SHS Viveon AG’s outstanding share capital as follows:

• 43.0% of the SHS Viveon shares already acquired.
• 5.7% of the SHS Viveon shares set to be acquired in the coming days.
• 19.7% of the SHS Viveon shares to be acquired at subsequent dates at the latest in July 2024.

Sidetrade plans to open its public tender offer on 7th May, 2024, to acquire the remaining shares of SHS Viveon AG at €3.00 per share in cash.

King & Spalding LLP has assisted Sidetrade as legal advisor on the transaction and ODDO BHF SE as financial advisor.

The tender offer deadline is 17th June, 2024

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