HEUKING advises STINAG on delisting and public takeover bid by major shareholder
HEUKING legally advised STINAG Stuttgart Invest AG on the planned delisting of its shares and the announced public takeover bid by Brasserie Holding SA. The mandate was handled by a team led by Partners Jens-Hendrik Janzen and Dr. Thorsten Kuthe.
STINAG Stuttgart Invest AG has resolved to apply to revoke the inclusion of its shares in trading. To date, the shares have been listed, among others, on the Freiverkehr Plus segment of Baden-Württemberg Stock Exchange in Stuttgart and on Munich Stock Exchange’s m:access segment. The company sees no further benefit in maintaining the listings and considers the delisting to be in the company’s best interests.
Consequently, STINAG has entered into a delisting agreement with its majority shareholder, Brasserie Holding SA, Lenzburg, Switzerland. Brasserie Holding will launch a voluntary public purchase offer for up to 2,784,337 STINAG shares at EUR 15.50 per share in cash. The offer, which is not subject to a minimum acceptance condition, is expected to be published on November 20, 2025.
A long-established holding company with roots in Stuttgarter Hofbräu AG, today STINAG Stuttgart Invest AG focuses entirely on real estate. The group targets portfolio optimization through forward-looking, value-enhancing investments with a balanced risk/return profile. Its activities include expanding high-yield asset classes and developing the portfolio through in-house developments, revitalizations, portfolio purchases, and project acquisitions. STINAG places great importance on a sound balance between equity and debt to ensure a stable equity ratio and sustainable profitability.
HEUKING has comprehensively supported STINAG for many years across legal matters, particularly in real estate acquisitions and disposals, and in matters relating to corporate and stock corporation law.
Counsel to STINAG Stuttgart Invest AG
HEUKING:
Jens-Hendrik Janzen, LL.M. (University of Queensland), (Lead), Stuttgart,
Dr. Thorsten Kuthe, (Co-Lead),
Stefan Westerheide, LL.M. oec.,
Meike Dresler-Lenz,
Magdalena Köster, LL.M. (University of Cape Town),
Meike Daniels (all Capital Markets), all Cologne
