We are pleased to share that DGKV acted as the lead legal counsel to Shelly Group SE in connection with an investment agreement with Schneider Electric, pursuant to which Schneider Electric has registered a voluntary public takeover offer for all outstanding shares in Shelly Group at an offer price of EUR 70 per share, valuing the company at approximately EUR 1.2 billion. The transaction is subject to the applicable regulatory approvals and shareholder acceptance reaching the required threshold.

The transaction will represent a historic landmark for the Bulgarian technology and capital-markets ecosystem as the biggest exit of a Bulgarian built technology company and the biggest take-private tender offer for a non-privatized company. DGKV is proud to have acted for Shelly Group on this deal.

 

Our team advising Shelly Group includes partners Georgi Tzvetkov and Gergana Monovska.

For further details on the proposed transaction, please see the official announcements by Shelly Group and Schneider Electric.