The news of the share increase comes just over a week after Meyer Burger bought an 11.3 percent stake in Roth & Rau and offered 22 for each remaining share held by public shareholders.
In this latest transaction, the Switzerland-based solar company paid 22 per non-par value bearer share on April 20 for the additional 6.34 percent. This now means that OTB Group B.V., NL-Eindhoven, a major shareholder, no longer holds a stake in the company. It is said to support the consolidation of the two companies.
Meyer Burger now holds a 17.7 percent stake in Roth & Rau, including 3.9 percent under the condition precedent of clearance by antitrust authorities.
According to a report on the moneycab portal, an opponent to the planned acquisition has emerged. It has been said that the head of German solar company Rena, Jürgen Gutekunst, has increased his stake in Roth & Rau to 10.49 percent.
A spokesperson for Roth & Rau has said it is unknown what goals Gutekunst is following with his share increase. However, at the start of March, it was reported that his holding had exceeded the threshold of three percent.
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