on Galaxy Germany Holding SE
Persistent's Takeover Bid for Nagarro Reaches Milestone
Galaxy Germany Holding SE announced that Persistent Systems Limited has secured 83.25% of Nagarro's shares by the end of the initial acceptance period. Persistent's offer, which grants EUR 81.00 per Nagarro share, will continue with a further acceptance period from September 23 to October 6, 2026. The potential removal of Nagarro from the Frankfurt Stock Exchange may affect share liquidity.
Persistent aims to delist Nagarro from the regulated market promptly post-offer. The offer document, detailed online, outlines the terms in accordance with German law. The deal closure is expected by Q1 CY27, pending regulatory approvals. Nagarro's management appears supportive towards this strategic delistment.
R. P.
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