OHB SE ("OHB"), the German space and technology company, announces that the takeover offer ("offer") by KKR will be completed now that all offer conditions have been met. All regulatory approvals have been granted. As the next step, KKR will pay the offer consideration in accordance with the terms of the offer document by no later than September 9, 2024.
The OHB Group (ISIN: DE0005936124, Prime Standard) generated total revenues of EUR 470.5 million in the first six months, up 3 % on the previous year (EUR 456.6 million). The operating result (EBITDA) decreased from EUR 44.1 million in the previous year to EUR 34.3 million.
At today's annual general meeting, the shareholders of OHB SE (Prime Standard, ISIN DE0005936124) passed all agenda items put to the vote with a large majority. The meeting was held virtually, i.e. without the physical presence of the shareholders or their proxies, and was broadcast simultaneously on the Internet.
The OHB Group (ISIN: DE0005936124, Prime Standard) generated total revenues of EUR 206.7 million in the first three months, up 2 % on the previous year (EUR 202.4 million). The operating result (EBITDA) decreased from EUR 21.5 million in the previous year to EUR 19.3 million.
The OHB Group is currently in final negotiations with US company SpaceLink Corporation for the realization of a constellation of four telecommunications satellites.
Bremen, January 20, 2021. OHB has been informed by the European Space Agency ESA on behalf of the European Commission that the bid submitted by OHB System AG (a subsidiary of Bremen-based space technology group OHB SE, Prime Standard; ISIN: DE0005936124) for the second-generation satellites in the Galileo program was not successful.
