Hornbach to delist Hornbach Baumarkt

The Hornbach Group is to remove its Hornbach Baumarkt division from the stock exchange. To this end, Hornbach Holding AG, the parent company of the Hornbach-Group, has made a public delisting offer to the shareholders of Hornbach Baumarkt AG to acquire the shares not already held by Hornbach Holding.
Hornbach Baumarkt is the biggest operating division (DIY retailing) of the Hornbach Group, with 167 branches and online shops in nine European countries as of 30 November. Hornbach Holding is offering 47.50 euros in cash per Hornbach Baumarkt share.
Albrecht Hornbach, CEO of Hornbach Holding, wants to delist Hornbach Baumarkt AG in a bid to improve the company's visibility in the capital market.