The Shareholders’ Committee of Stedin Group agrees with Stedin on a capital request of €200 million
Loyens & Loeff advises 44 municipal shareholders of Stedin Group (represented by the Stedin Shareholders’ Committee) in preparing a proposal for an equity contribution of EUR 200 million and associated changes to the Stedin governance.
The Shareholders’ Committee of Stedin Group has reached agreement with Stedin on Stedin’s request to ask its shareholders to decide on an equity increase of EUR 200 million mid 2021 by proposing the issuance of cumulative preference shares and associated changes to the Stedin governance. In summer 2021, it will become clear how many shareholders will subscribe to the cumulative preference shares and whether the minimum threshold is reached.
Irene BloemenAssociate Attorney at law
Irene Bloemen, attorney at law, is a member of the Corporate / M&A practice group in our Rotterdam office. She advises clients on matters such as mergers and acquisitions, investments, corporate governance and commercial contracts.T: +31 10 224 64 37 M: +31 683 02 38 86 E: [email protected]