Mutares to Sell Guascor Energy to Oaktree for EUR 74 Million

Mutares SE & Co. KGaA has signed an agreement to sell Guascor Energy to Oaktree for EUR 74 million. The sale involves 100% of the shares in Guascor Energy S.A.U. and Guascor Power USA, Inc. Guascor, acquired from Siemens Energy in November 2022, has been developed into an independent provider of energy solutions.

The transaction is expected to close by the end of the fourth quarter of 2026. It is subject to customary conditions, including necessary merger control approvals. This sale marks a significant step for Mutares, aligning with its strategic refocusing efforts.

Note that this announcement is not an offer to buy or sell securities and is restricted for distribution in several countries, underlining legal compliance. Forward-looking statements in the announcement carry risks and uncertainties which may impact results.