On February 2, 2010 Thüga Holding GmbH & Co. KGaA announced that it had acquired control over Mainova AG. Thüga AG and Stadtwerke Frankfurt am Main Holding GmbH decided on March 5, 2010 to make, together with Thüga Holding GmbH & Co. KGaA, Mainova AG’s shareholders a joint offer. The offer document concerning the joint offer – which is a mandatory offer in the case of Thüga Holding GmbH & Co. KGaA and a voluntary purchase offer in the case of Thüga AG and Stadtwerke Frankfurt am Main Holding GmbH – was published on March 18, 2010.
The market capitalisation of Mainova AG is approx. EUR 1.9 billion and the Mainova Group’s sales totalled EUR 1.7 billion in 2008.
The Thüga Group had sales of EUR 16.4 billion in 2008 and a workforce of some 19,200.
Gleiss Lutz has been advising Thüga Holding GmbH & Co. KGaA and Thüga AG since January of this year on all matters to do with the offer that has now been published. The lead lawyers are Dr. Christian Cascante and Dr. Jochen Tyrolt (both partners, corporate/M&A, Stuttgart).
The Gleiss Lutz team also comprises: Dr. Bodo Riegger (of counsel, Stuttgart), Dr. Stephan Aubel (partner, Frankfurt), Dr. Martin Viciano Gofferje, Dr. Adrian Bingel, Dr. Matthias Tresselt and Nadine Woyte (all corporate/M&A, all Stuttgart) and Dr. Stefanie Beinert (partner, Stuttgart) and Stefan Köhler (Frankfurt, both tax).
Gleiss Lutz has extensive expertise in the field of public takeovers, advising on five of the last ten public offers in Germany.
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