Frankfurt (Germany), 6 October 2020,
In addition to the 76 percent stake in RENK AG held by Volkswagen Vermögensverwaltungs-GmbH, a subsidiary of Volkswagen AG, 14.2% of shares were acquired through a voluntary public takeover offer. The offer to acquire shares against payment of a cash consideration was made to all remaining shareholders of RENK AG and the offer price was determined in accordance with the German takeover law and published in the offer document.
Triton and RENK AG are pleased to enter the next phase of their partnership and to finally join forces to continue realizing RENK AG’s growth strategies.