Regulatory approvals advance Robau’s majority shareholding in Rosenbauer

According to documents published by Rosenbauer, it is understood that Robau Beteiligungsverwaltung GmbH has received approvals from competition authorities in the European Union and the United States for its acquisition of a majority stake in Rosenbauer International AG.

The process is nearing completion, with only clearances in four countries outstanding.

These are expected in the first quarter of 2025.

It is stated in the documents that Robau has signed agreements to acquire 50.1% of Rosenbauer’s shares.

The transaction includes purchasing shares held by RVG NewCo GmbH and subscribing to newly issued shares through a capital increase.

Regulatory clearances are a prerequisite for finalising the deal.

Robau to acquire controlling stake in Rosenbauer

According to the documents, Robau, a consortium of Pierer Industrie AG, Mark Mateschitz Beteiligungs GmbH, Raiffeisen Beteiligungsholding GmbH and Invest Unternehmensbeteiligungs AG, has structured its acquisition through two key transactions.

First, it will acquire 1,710,200 bearer shares in Rosenbauer from RVG NewCo GmbH.

Second, it will subscribe to 3,400,000 new shares issued as part of a capital increase.

These steps will bring Robau’s ownership to 50.1% of Rosenbauer’s total shares, giving it majority control.

Mandatory offer to Rosenbauer shareholders

Documents from Rosenbauer indicate that under Austrian takeover law, Robau has submitted an anticipatory mandatory offer to acquire all outstanding Rosenbauer shares not already owned by the bidder, affiliated entities or shareholders who have opted out.

The offer is priced at €35 per share.

It was published in January 2025 and remains subject to the remaining regulatory approvals.

The acceptance period runs until 14 February 2025, with a possible three-month extension.

Completion expected in early 2025

Rosenbauer’s documents state that regulatory approvals have been granted in key markets, including the EU and the US.

The outstanding clearances in Saudi Arabia, the United Arab Emirates, and Kuwait are expected in the coming months.

Once the final regulatory conditions are met, the capital increase and share acquisition will be completed, giving Robau majority ownership of Rosenbauer.

It is understood that the process is expected to conclude in the first quarter of 2025.

Rosenbauer: Robau moves towards majority ownership following regulatory approvals – Summary

According to documents published by Rosenbauer, Robau Beteiligungsverwaltung GmbH is finalising its acquisition of a 50.1% stake in Rosenbauer International AG.

The transaction involves acquiring shares from RVG NewCo GmbH and subscribing to newly issued shares through a capital increase.

The documents indicate that regulatory approvals have already been secured in the EU and US, with final clearances pending in four countries.

The process has triggered a mandatory offer for remaining Rosenbauer shares at €35 per share, with the acceptance period running until 14 February 2025.

It is understood that the transaction is expected to be completed in early 2025 following the fulfilment of regulatory conditions.