Nagarro SE in Discussions for Potential Public Tender Offer

In a recent development, Nagarro SE, a global leader in digital product engineering, has confirmed it is in talks regarding a potential public tender offer, which could result in the company going private. The announcement comes in the wake of media reports suggesting strategic evaluations by the company.

According to a disclosure transmitted by EQS News, the Management Board of Nagarro SE is currently engaged with certain interested parties. These discussions are reportedly being supported by some board members who hold shares in the company. The nature of this potential transaction could involve a take-private move, including a public tender offer for its outstanding shares.

However, Nagarro SE has emphasized that there is no certainty of reaching an agreement. The company has made it clear that discussions are ongoing and any decision in this regard remains unconfirmed at this juncture.

The statement was released in compliance with Article 17 of the Market Abuse Regulation (EU) No 596/2014, which mandates timely and proper disclosure of insider information to the public.

Interested parties and investors have been advised to contact Nagarro SE’s Investor Relations department for further details. The company maintains its operational headquarters in Munich, Germany, at Baierbrunner Straße 15.

Nagarro SE continues to be listed on several indices, including the SDAX and TecDAX. Trades are conducted on multiple exchanges such as the Frankfurt (Prime Standard), as well as markets in Berlin, Düsseldorf, Hamburg, Munich, Stuttgart, and the Tradegate Exchange.

This potential strategic maneuver has reportedly impacted Nagarro SE’s stock performance, as the company’s shares recorded a 1.110% gain on the day of the announcement.