Mutares SE & Co. KGaA (XTRA:MUX) has submitted an irrevocable proposal to acquire unknown minority stake in Sofinter S.p.A. on October 12, 2023. Under the terms of agreement, Mutares SE & Co. KGaA proposed to invest in Sofinter Group by way of acquisition of a large majority stake. The transaction will be carried out partly by means of purchase of shares from its current shareholders, partly by means of subscription of a capital increase. The closing of the transaction is subject to the final approval by the lending banks and is expected to close before the end of 2023.

Mutares SE & Co. KGaA (XTRA:MUX) completed the acquisition of unknown minority stake in Sofinter S.p.A. on April 23, 2024.