Q2 2024 Encavis AG Earnings Call Transcript
Good morning, ladies and gentlemen. A warm welcome to our this year's conference call on the H1 2024 figures. These figures are already published on July 30 via netTALK News and via press release because these previous, these figures are pretty much below previous year's figures but as expected. And the guidance for fiscal year 2024 is currently confirmed.
Ladies and gentlemen, as you are aware and I think I don't have to highlight that very long is that there is a transaction going on. Elbe BidCo, which is investment fund, which is managed and advised by KKR together with Viessmann and group of family Viessmann, and ABACON is having out takeover offer for Encavis cash consideration of EUR17.50 per share.
And it is that the Management Board, Supervisory Board of Encavis AG recommended the acceptance on May 02. And in the meantime until June 18, 2024, 87.41% of all Encavis shareholders accepted that offer. The closing of the deal is expected for Q3 2024 or Q4 2024. Well the whole contemplated
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