Sixt SE / Key word(s): Miscellaneous
2015-02-24 / 21:30
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Pullach, 24 February 2015 – Sixt SE is currently examining an IPO by its subsidiary Sixt Leasing AG. The Sixt Leasing AG is the parent company of the Leasing Business Unit, under which all activities of private and corporate customer leasing as well as fleet management are subsumed.
The objective for the subsidiary’s separate listing is to substantially strengthen the capital base in the leasing business by adding equity from the capital market. This shall improve the financing structure of the Leasing Business Unit and also create financial latitude for further growth in the leasing business, whilst also leaving untouched the equity ratio of the strongly expanding Vehicle Rental Business Unit. In addition, the Leasing Business Unit’s financing shall become more independent of the Group parent Sixt SE in the medium term. Sixt SE still plans to retain a major interest in Sixt Leasing AG even after the IPO.
At present Sixt SE and Sixt Leasing AG are examining the structure and details of such a potential transaction.
Erich Sixt, Chairman of the Managing Board of Sixt SE: “Over the last few years Sixt Group’s leasing business has followed a sustained growth track and performed successfully. A separate listing of Sixt Leasing AG, which we are currently examining, would offer investors the opportunity to make pinpointed investments in the excellent growth potential of our leasing business.”
The Sixt Group is an international provider of premium mobility services. Founded in 1912, the company, together with its franchisees and partners, is represented in more than 100 countries. Sixt is market leader for vehicle rentals in Germany and one of Europe’s leading providers. Sixt SE is a European Stock Corporation (Societas Europaea – SE) acting as the holding company for the Group. Sixt SE assumes the central management functions and is responsible for the strategic and financial management of the Group. www.sixt.com
About Sixt Leasing:
Sixt Leasing is one of Germany’s leading vendor-neutral, non-bank full-service leasing provider and fleet manager. In addition, the company is active in numerous other countries. Sixt Leasing offers complex full-service solutions for corporate and private customers and develops bespoke mobility concepts that aim to optimize mobility costs over the long term. The services offered cover conventional financial leasing as well as a wide range of other services around the fleet management, all by using the latest state-of-the-art technical developments. “Sixt Neuwagen” is a particularly interesting online service for private as well as commercial customers. Sixt Group’s Leasing Business Unit generated revenues of well over EUR 500 million in 2013. www.sixt-leasing.de
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These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Shares“) of Sixt Leasing AG (the “Company“) in the United States, Germany or any other jurisdiction. The Shares of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act“). The Shares of the Company have not been, and will not be, registered under the Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to “qualified institutional buyers” as defined in, and in reliance on, Rule 144A under the Securities Act.
In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as “Relevant Persons”). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of, and on the basis of, a securities prospectus which is to be published. An investment decision regarding the publicly offered securities of Sixt Leasing AG should only be made on the basis of the securities prospectus. The securities prospectus will be published promptly upon approval by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and will be available free of charge from Sixt Leasing AG, Zugspitzstraße 1, 82049 Pullach, Germany, or on the Sixt Leasing AG website.
2015-02-24 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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|Phone:||+49 (0)89 74444-5104|
|Fax:||+49 (0)89 74444-85104|
|ISIN:||DE0007231326, DE0007231334 Sixt Vorzüge, DE000A1K0656 Sixt Namensaktien, DE000A1E8V89 Sixt-Anleihe 2010/2016, DE000A1PGPF8 Sixt-Anleihe 2012/2018, DE000A11QGR9 Sixt-Anleihe 2014/2020|
|Listed:||Regulated Market in Frankfurt, Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart|
|End of News||DGAP News-Service|