BigRep GmbH’s parent company BigRep SE has agreed to sell its entire stake in the operating subsidiary to three holding companies and wind down the listed entity entirely.
The buyers, De Krassny GmbH, Koehler Invest GmbH, and HAGE Holding GmbH, are not outside parties. All three were already embedded in BigRep SE’s shareholder and creditor structure before the deal was announced.
To understand why, it helps to trace how the listed company came to exist in the first place. BigRep entered the Frankfurt Stock Exchange (FSE) on July 31, 2024 through a reverse merger with SMG Technology Acceleration SE, a Luxembourg-based SPAC. The combined entity listed under the ticker B1GR at an initial share price of €11.20. By…