VDL Groep B.V. made a non-binding conditional indicative proposal to acquire 72.7% stake in Neways Electronics International N.V. from Otterbrabant Beheer B.V., Menor Investments B.V., Add Value Fund N.V. managed by Keijser Capital Asset Management B.V., Stichting Administratiekantoor Tymen and other shareholders for approximately €110 million.

VDL Groep B.V. made a non-binding conditional indicative proposal to acquire 72.7% stake in Neways Electronics International N.V. (ENXTAM:NEWAY) from Otterbrabant Beheer B.V., Menor Investments B.V., Add Value Fund N.V. (ENXTAM:AVFNV) managed by Keijser Capital Asset Management B.V., Stichting Administratiekantoor Tymen and other shareholders for approximately €110 million on April 30, 2021. The indicative offer price is €12.50 (cum dividend) in cash for each Neways share. Consistent with their fiduciary duties, the Board of Directors and the Supervisory Board of Neways will carefully analyse and consider the proposal.

VDL is assisted by ING Groep N.V. as financial advisor and Houthoff Coöperatief U.A. as legal advisor.