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MUNICH (dpa-AFX) - Human resources software specialist Atoss Software is getting a new major shareholder in the form of US financial investor General Atlantic. General Atlantic is buying around 20 percent of Atoss shares from AOB Invest, which is controlled by Atoss founder and CEO Andreas Obereder, the company, which is listed on the small cap index SDax, announced on Thursday. A discount of 12.8 percent on the six-month volume-weighted average share price (180 trading days since September 30, 2022) will be granted. The agreement is to be implemented on June 30.

In addition, General Atlantic can acquire up to a further nearly 5 percent of the shares, it added. Obereder's holding company would thus remain the largest Atoss shareholder. In addition, both sides agreed that during a four-year period they would only be able to sell the majority of their stake with the consent of the other side.

On the Tradegate trading platform, Atoss shares fell this morning by around eleven percent compared with the Xetra close to a good €190. With a gain of almost 54 percent in the year to date, they were among the best-performing SDax stocks as of Wednesday./mis/jha/stw