Corporate News
Vectron Systems AG announces that its major shareholder, Arrow HoldCo GmbH, which is wholly owned by the U.S.-based Shift4 Payments, Inc. (NYSE: FOUR), has further increased its stake in the share capital of Vectron Systems AG. Following recent share purchases, Arrow HoldCo GmbH now holds more than 95% of the shares of Vectron Systems AG. Arrow HoldCo GmbH has informed Vectron Systems AG that it intends to carry out a squeeze-out under German stock corporation law in accordance with Sections 327a et seq. AktG and intends to shortly submit a transfer request pursuant to § 327a (1), sentence 1, AktG in order to effect the transfer of the minority shareholders’ shares to itself in exchange for an appropriate cash settlement.
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