Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
dpa

HOME > dpa

Financial investor Silver Lake takes a stake in Software AG

December 15, 2021


Abstract : The US-based financial investment firm Silver Lake is investing in the German company Software AG. Silver Lake will subscribe to convertible bonds of the company for approximately 344 million euros, representing about 10 percent of the currently issued share capital.

The US-based financial investment firm Silver Lake is investing in the German company Software AG. Silver Lake will subscribe to convertible bonds of the company for approximately 344 million euros, representing about 10 percent of the currently issued share capital, the MDAX-listed company announced on Monday evening, in a surprise move. The investment is part of a strategic partnership to accelerate the company's growth as part of the strategy initiated by CEO Sanjay Brahmawar, the company said.

The Bloomberg news agency had recently reported that Software AG was currently reviewing options on the capital market, including a sale. The partnership is also supported by the Software AG Foundation of company founder Peter Schnell, which is the largest shareholder in the Darmstadt-based company with a stake of over 30 percent.

The supervisory board will also be restructured for the partnership. Supervisory Board Chairman Karl-Heinz Streibich and Audit Committee Chairman Ralf Dieter will step down from their positions at the end of January. These will be taken over by Silver Lake manager Christian Lucas and Jim Whitehurst, who was formerly head of software manufacturer Red Hat. Lucas is to be elected chairman of the supervisory board. Software AG's stock lost 2.4 percent in after-hours trading on the Tradegate trading platform.

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: Silver Lake

Reading:

China's Jiangsu posts robust FDI growth in Jan-Oct

Shaoxing Jianhu Planning and Design Competition kicks off in Shaoxing, Zhejiang

China's November box office closes with moderate gains

Summit for entrepreneurs across Taiwan Strait set for Dec. 7

Herno to expand its retail network in China with two stores in Shanghai and Beijing

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial