M & A

Alno: takeover offer

There is light at the end of the tunnel for kitchen manufacturer Alno. Investment company Tahoe who already owns part of the company has applied for a guarantee to gain access to 33.25% of company stock presenting a takeover bid . The shareholders should receive 0.50 Euros per share. Experts believe that company indebtedness cannot be cancelled by the revenue from current business. Burdened with expenses for restructuring and trade shows Alno performed poorly in the first half year slipping ever more toward a loss.

Wimdu and 9flats: co-habitation

Two German startups have joined forces in a move aimed at curbing the activity of a gigantic American competitor. Wimdu and 9flats, both online agencies for providing apartment accommodation for tourists are challenging Airbnb. Wimdu began from the portfolio of listed company Rocket Internet and 9flats is an offshoot of a venture capital subsidiary of Deutsche Telekom. The joint posted turnover of the two companies is in the order of 10 million Euros with a portfolio of 500,000 private apartments throughout Europe. The company’s headquarters will be in Singapore.

Capital Stage takes over the competition

Capital Stage, specialist in solar and wind farms has purchased over 94% of the entire shareholding of competitor Chorus Clean Energy. A spokesperson for Capital Stage announced that no existing shareholder squeeze-out is envisaged at this time. The transaction raises Capital Stage to candidacy on MDax listing. Combined, the two companies manage almost 150 solar and wind farms in six different countries.