12 February 2021
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.
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)
by multiple authors