APMH Invest extends offer period for its all-cash recommended purchase offer for the shares in Svitzer

Core Viewpoint - APMH Invest A/S (APMHI) has extended its all-cash voluntary recommended purchase offer for Svitzer Group A/S shares until May 14, 2025, to obtain necessary regulatory approvals [2][3]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports and terminals. The company operates over 450 vessels and serves approximately 2,000 customers across more than 140 ports and 40 terminals in 37 countries [6]. Offer Details - APMHI's offer aims to acquire all issued shares in Svitzer, excluding those owned by APMHI and any treasury shares held by Svitzer [1]. - As of the latest update, APMHI has received acceptances representing approximately 90.7% of Svitzer's share capital and voting rights, satisfying the minimum acceptance condition [3]. - Shareholders who have accepted the offer remain bound by their acceptance through the extended offer period [4]. Regulatory Approvals - The extension of the offer period is necessary to secure approval from the UK Secretary of State under the National Security and Investment Act 2021, with prior approval already obtained from the Swedish Inspectorate of Strategic Products [2].