SHS Viveon AG is facing big changes. Since mid-June 2024, the company has filed for delisting, which means the end of over-the-counter listing on the Munich Stock Exchange. Meanwhile, French company Sidetrade SA increased its stake in SHS Viveon to more than 87.85 percent. This development follows Sidetrade's strategy to consolidate its majority stake and fully integrate SHS Viveon.
Impact on shareholders and corporate governance
In the context of this acquisition there were also changes in the company's management. Olivier Novacek has been appointed as a new member of the Board of Directors, confirming the close ties with Sidetrade. For small shareholders, this development means a significant restriction of trading opportunities. Given Sidetrade's dominant position and impending delisting, further consolidation is expected.
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