Kontron initiates squeeze-out of Katek SE minority shareholders

Kontron Acquisition GmbH, an indirect wholly-owned subsidiary of Kontron AG, has announced its intention to squeeze out the remaining minority shareholders of KATEK SE under German stock corporation law. The company currently holds approximately 96.86% of the shares, thereby exceeding the 95% threshold required for a squeeze-out. Kontron has requested the management board of KATEK SE to convene a general meeting at which the transfer of the remaining minority shares for a cash settlement is to be resolved. The amount of the settlement has not yet been determined and will be specified in a later "concretization request" to KATEK SE. The adequacy of the cash settlement must be reviewed by an auditor appointed by the Munich Regional Court in accordance with legal requirements