CANCOM: CANCOM SE reviews strategic options for business act

CANCOM: CANCOM SE reviews strategic options for business activities in the United Kingdom and Ireland


CANCOM: CANCOM SE reviews strategic options for business activities in the United Kingdom and Ireland
25-May-2021 / 13:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
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CANCOM: CANCOM SE reviews strategic options for business activities in the United Kingdom and Ireland
Munich, Germany, 25 May 2021 - The Executive Board of CANCOM SE is reviewing strategic options with regard to the business activities in the United Kingdom and Ireland. The review also includes the possibility of selling all company shares in CANCOM Ltd. based in London. CANCOM Ltd. is the intermediate holding company in which all CANCOM SE's shareholdings based in the United Kingdom and Ireland are bundled. In the event of a sale, CANCOM will thus no longer have any business activities in the United Kingdom as well as Ireland. As part of this review of strategic options, CANCOM SE is also currently conducting a structured bidding process to determine investor interest in a takeover and an associated achievable purchase price.

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