Freudenberg Completes Takeover of Nilfisk Holding

Freudenberg announced the completion and settlement of its voluntary takeover offer for all issued and outstanding shares of Nilfisk Holding A/S, excluding treasury shares and shares held by the Offeror. The offeror, Freudenberg Home and Cleaning Solutions GmbH, obtained an ownership interest corresponding to more than 90% of Nilfisk share capital and voting rights.

Following completion, Freudenberg intends to initiate and complete a compulsory acquisition of remaining Nilfisk shares under sections 70-72 of the Danish Companies Act. The offeror also plans to seek removal of Nilfisk shares from trading and official listing on Nasdaq Copenhagen A/S, and will request an extraordinary general meeting to propose board and articles-of-association changes.