Sidetrade SA (ENXTPA:ALBFR) signed binding purchase agreements to acquire additional 19.7% stake in SHS VIVEON AG (XTRA:SHWK) for ?1.5 million on May 1, 2024. Sidetrade has executed binding agreements with shareholders, a 43.0% of the SHS Viveon shares already acquired and 5.7% of the SHS Viveon shares set to be acquired in the coming days. In related transaction, Sidetrade plans to open its public tender offer to acquire the remaining shares of SHS Viveon AG at ?3.00 per share in cash on May 7, 2024.

Upon completing these acquisitions, Sidetrade will become the majority shareholder and assume control of SHS Viveon AG. Sidetrade will acquire a 19.7% of the SHS Viveon shares at subsequent dates at the latest in July 2024. Sidetrade is assisted by King & Spalding LLP as legal advisor on the transaction and ODDO BHF SE as financial advisor.