Bitcoin Group SE cancelled the acquisition of Bankhaus von der Heydt GmbH & Co. KG.
Bitcoin Group SE (XTRA:ADE) cancelled the acquisition of Bankhaus von der Heydt GmbH & Co. KG on May 8, 2023. With the approval of the Supervisory Board, the Management Board today decided to exercise the right of withdrawal agreed in the Share Purchase Agreement (SPA). After a thorough review, the Management Board has come to the conclusion that a takeover of Bankhaus von der Heydt is not value-creating for Bitcoin Group SE and its shareholders.