Contacts
Dr. Oliver Rothley

Dr. Oliver Rothley

Partner

Read More
Dr. Sieglinde Mesch

Dr. Sieglinde Mesch

Senior associate

Read More
Contacts
Dr. Oliver Rothley

Dr. Oliver Rothley

Partner

Read More
Dr. Sieglinde Mesch

Dr. Sieglinde Mesch

Senior associate

Read More

12 February 2021

Taylor Wessing advises Giesecke+Devrient on the placement of secunet-shares

Giesecke+Devrient GmbH, main shareholder of Prime Standard (FWB) listed secunet Security Networks AG (secunet), announced on 9 February 2021 its intention to place 250,000 shares in secunet. This corresponds to 3.85 percent of the share capital. The sale will take place via the private bank M.M.Warburg & CO as part of an accelerated bookbuilding and primarily serves to increase the free float and trading volume of the secunet-shares. Beyond the planned share placement, Giesecke+Devrient does not intend to further reduce its position according to its announcement. Thus, Giesecke+Devrient further participates with a stake of over 75% as main shareholder and secunet remains a central pillar of its business model.

The international law firm Taylor Wessing, led by Munich partner Dr. Oliver Rothley, provided legal advice to Giesecke+Devrient on the placement. Oliver Rothley is one of the firm's capital markets transaction specialists with a focus on advising on equity placements and listings as well as public takeovers and M&A transactions.

 

About Giesecke+Devrient

Giesecke+Devrient was founded in 1852 and is today a international Group providing security technology and headquartered in Munich. With its products and solutions, Giesecke+Devrient is one of the market and technology leaders in payments, connectivity, identities, and digital infrastructures. Giesecke+Devrient achieved sales of Euro 2.45 billion in the fiscal year 2019 and employs 11,500 people.

 

Legal advisors Giesecke+Devrient GmbH

Taylor Wessing (Munich): led by Dr Oliver Rothley (Partner, Corporate/Capital Markets) and Dr Sieglinde Mesch (Senior Associate, Corporate/Capital Markets)

Call To Action Arrow Image

Latest insights in your inbox

Subscribe to newsletters on topics relevant to you.

Subscribe
Subscribe

Related Insights

Handshake
Corporate/M&A & capital markets

Taylor Wessing advises Aroundtown on the successful public takeover of TLG Immobilien

2 March 2020

by multiple authors

Click here to find out more