ProCredit Holding AG & Co. KGaA discloses the completion of the announced change in the composition of its core shareholder base
The European Bank for Reconstruction and Development’s (EBRD’s) acquisition of the International Finance Corporation’s shares (IFC’s) in ProCredit Holding AG & Co. KGaA and ProCredit General Partner AG, announced on 17 March 2023, has been successfully completed.
Under the terms of the two share purchase agreements, the EBRD acquired 9.9% of IFC’s shares in ProCredit General Partner AG, which is the sole general partner of ProCredit Holding, as well as IFC’s remaining 5.06% of the limited partner shares in ProCredit Holding. The EBRD thus replaces IFC as the core shareholder of ProCredit Holding and now holds 8.7% of the group’s share capital. In addition to EBRD, the core shareholder base of the group consists of Zeitinger Invest, Kreditanstalt für Wiederaufbau (KfW), DOEN Participaties and ProCredit Staff Invest. (more…)