White & Case Advises Eintracht Frankfurt on Measures to Strengthen Equity Base and Expand Shareholder Base

Global law firm White & Case LLP has advised Eintracht Frankfurt Fußball Aktiengesellschaft (Eintracht Frankfurt) on all capital markets, corporate and tax law aspects of an innovative transaction to strengthen its equity base and expand its shareholder base.

In 2018, Eintracht Frankfurt concluded option agreements with the shareholders Freunde der Eintracht Frankfurt Fußball AG, Freunde des Adler GmbH and Wolfgang Steubing AG Wertpapierdienstleister – then advised by White & Case – under which Eintracht Frankfurt could acquire treasury shares from these shareholders. Eintracht Frankfurt has now fully received these options.

As part of the transaction, Herzschlag Eintracht GmbH has been added as an additional shareholder, holding 5.00% of the shares in Eintracht Frankfurt. Freunde des Adlers GmbH holds 16.81%, Freunde der Eintracht Frankfurt AG 7.30% and Wolfgang Steubing AG 3.00%. The share of the majority shareholder Eintracht Frankfurt e.V. remains at 67.89%.

The new shareholder Herzschlag Eintracht GmbH is represented by Sven Janssen, who was elected by the shareholders to the Eintracht Frankfurt Supervisory Board at an Extraordinary General Meeting on Friday, 9 April 2021 which will thus consist of eight members in the future.

The White & Case team in Frankfurt which advised on the transaction was led by partner Karsten Wöckener and local partner Peter Becker and included partners Alexander Kiefner and Bodo Bender, local partner Hugo Schwarz Leite and counsel Alexander Born.

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