on MEDIQON Group AG (isin : DE0006618309)
CHAPTERS Group AG Reorganizes with Contribution of Shares in Fintiba and Expatrio
CHAPTERS Group AG announced an agreement to consolidate its holdings by contributing shares of Fintiba GmbH and Expatrio Global Services GmbH into a new holding company. Already owning 55% of these shares, CHAPTERS will increase its indirect stake to 61.8% following the transaction's completion.
Both Fintiba and Expatrio operate within the FinTech sector, focusing on services for international students and professionals in Germany. The combined entities will bolster the Financial Technologies segment, expected to yield pro forma revenue of €42 million for 2024 — a significant increase from previous levels.
Financially, net debt will reach €116 million with CHAPTERS providing an €18 million loan. The purchase will primarily facilitate a share buyback from Expatrio's shareholders. Additionally, CHAPTERS plans to offer Fintiba's shareholders an option to exchange their claims for shares through a future capital increase.
For 2025, CHAPTERS anticipates organic growth in the Financial Technologies segment, with potential for significant synergies and revenue growth from 2026 onward.
R. E.
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