News: Biotest AG / Key word(s): Statement
Dreieich, 4 October 2020. Bloomberg reported on 2 October 2020 that, according to informed circles, a private equity firm had approached the Chinese Creat Group Corp. to acquire a stake in Biotest AG. The consultations are at an early stage and there is no certainty that they will lead to a transaction.
The company believes that this is pure market speculation.
Such rumours and speculations are not new and are known to Biotest. The Management Board has therefore recently asked for a statement from the major shareholder on the plans with regard to the stake in the company. In a written communication to the Company, Creat Group Corp. has stated that no sale process has been initiated to date, nor has any decision been made regarding a future sale. The decision process regarding the future of the majority stake in Biotest AG is completely open, so that rumours of a sale are pure speculation.
Biotest AG will continue to inform the capital market and the public in accordance with the legal requirements.
Ordinary shares: securities' ID No. 522720; ISIN DE0005227201
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|EQS News ID:||1138735|
|End of News||DGAP News Service|