Stability and security across the generations: founder families successfully bring limited partner’s shares into foundation structure

The principal shareholders in Ströer SE & Co. KGaA, Co-CEO and founder Udo Müller and Dirk Ströer, who together hold around 42% of the limited partner’s shares in Ströer SE & Co. KGaA, have put the majority of these shares into a German foundation structure. Once all the necessary approvals from the tax and regulatory authorities had been obtained, the final steps were able to be taken. The move will ensure stability of the shareholder base for around 34.51% of the limited partner’s shares and create the conditions for a smooth transfer of the limited partner’s shares to the next generation in the event of shares being inherited. The two principal shareholders are thereby signaling their joint and strong commitment to the Ströer family business and supporting the long-term strategy of the successful, founder-led family business.

“Continuity across the generations is critically important to the Müller and Ströer founder families and is a key factor for the stability of the Company. By successfully putting our limited partner’s shares into a German foundation structure, we have acted promptly and with foresight to create the necessary structures. I strongly believe that this creates security and stability for the Company that will continue even when the Company passes to the next generation. This will benefit all shareholders and enable Ströer to continue its success story,” says Udo Müller, Co-CEO and founder of Ströer.

Disclaimer

This press release contains “forward looking statements” regarding Ströer SE & Co. KGaA (“Ströer”) or the Ströer Group, including opinions, estimates and projections regarding Ströer’s or the Ströer Group’s financial position, business strategy, plans and objectives of management and future operations. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ströer or the Ströer Group to be materially different from future results, performance or achievements expressed or implied by such forward looking statements. These forward looking statements speak only as of the date of this press release and are based on numerous assumptions which may or may not prove to be correct. No representation or warranty, express or implied, is made by Ströer with respect to the fairness, completeness, correctness, reasonableness or accuracy of any information and opinions contained herein. The information in this press release is subject to change without notice, it may be incomplete or condensed, and it may not contain all material information concerning Ströer or the Ströer Group. Ströer undertakes no obligation to publicly update or revise any forward looking statements or other information stated herein, whether as a result of new information, future events or otherwise.