The Düsseldorf e-commerce group The Platform Group AG (TPG) aims to change a form to a limited partnership on shares (SE & Co. KGAA). On Tuesday, the company asked its bonds to take part in a vote on this project. The deadline for this runs from August 12th to August 26th.
In a message, the group of companies justified its plans. “According to TPG, the legal form of the KGAA is more suitable for securing the company’s active support and control by Benner Holding as an anchor shareholder in the long term,” said the group. “This enables it to consistently continue the already successful Buy-and-Build strategy, to implement larger acquisitions and to promote international expansion and growth in the group.”
According to its own statements, the company has already received commitments from bonds who represent more than 50 percent of the outstanding nominal amount of the bond to vote for the proposal “. For the implementation of the change of form, a two-thirds majority of the bond believers is therefore necessary: inside.