KKR & Co. Inc. (NYSE:KKR) made an tender offer to acquire additional 9.7% in Axel Springer SE (XTRA:SPR) for approximately €660 million on January 23, 2020. KKR & Co. Inc. will pay €63 per share in cash under the voluntary public tender offer. KKR & Co. Inc. to launch public delisting offer for all outstanding Axel Springer SE shares. The acceptance period will be four weeks starting from publication of the offer document. There will be no additional acceptance period. The delisting offer will not be subject to any closing conditions. On April 6, 2020, Axel Springer was granted the application of delisting from the Frankfurt Stock Exchange. Andreas Austmann and Carsten Schapmann of Hengeler Mueller acted as legal advisors to Axel Springer. J.P. Morgan & Co. Incorporated acted as the financial advisor and Andreas Fabritius and Nicholas Günther of Freshfields Bruckhaus Deringer acted as the legal advisors to KKR & Co. Inc.

KKR & Co. Inc. (NYSE:KKR) completed the acquisition of an additional 9.7% in Axel Springer SE (XTRA:SPR) in April 2020.