SALZGITTER (dpa-AFX) - GP Gunter Papenburg AG, the shareholder of Salzgitter AG (SZGPF.PK, SZGPY.PK), has informed the company that it, together with TSR Recycling GmbH & Co. KG, is considering submitting a voluntary public takeover offer to the shareholders of Salzgitter AG to acquire shares in the company.
The potential offer would be contingent upon the Consortium obtaining a combined shareholding of at least 45% plus one share (including shares already owned by GP Gunter Papenburg by the end of the acceptance period.
The Consortium has not yet disclosed a potential offer price range to the Company, Salzgitter said.
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