MBB SE : MBB resolves share buyback with a volume of up to € 15m and cancels treasury shares
>Announcement of public share buyback offer - According to the press release from 30 October 2024, the board of MBB SE has decided to make use of the authorisation granted by the AGM on 26 June 2024 to acquire treasury shares in accordance with section 71 (1) no. 8 of the AktG. and to launch a share buyback programme (2024/II) with a maximum volume of € 15.0m (excl. acquisition costs) up to a price of € 120.00 per share. The share buyback is made for the purpose of ca...MBB SE, formerly MBB Industries AG, is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in entities seeking to sell off a part of their business or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated entity that no longer forms part of the organization's core business, and seeking for a management buyout or buy-in. It targets investments in firms with turnovers of 10 million euros and above. Its portfolio consists of Aumann AG, specializing in e-mobility, coil winding and automation, CT Formpolster GmbH, a producer of flexible polyurethane foams, Delignit AG, a supplier of ecological hardwood-based materials, DTS IT AG, a cloud computing and cyber security provider, Hanke Tissue Spolka Z O.O., a producer of tissue paper, and OBO-Werke GmbH, a supplier of products for model construction, toolmaking and mould production, among others.
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