Cologne – Westag AG ("Westag") has terminated the inclusion of its ordinary and preference shares on the regulated market of the Frankfurt Stock Exchange and the Düsseldorf Stock Exchange. This follows a public delisting takeover offer by its majority shareholder Broadview Industries AG ("Broadview") to the Westag shareholders to acquire all shares not held by Broadview, which was successfully completed on 16 June 2025. In the course of the offer, Westag was valued at a total of around EUR 135 million.
A CMS team led by Dr Richard Mayer-Uellner comprehensively advised Westag on its delisting, including the conclusion of a delisting agreement with Broadview, the delisting takeover offer and the procedure to terminate the dual listing in Frankfurt and Düsseldorf. Westag is advised by CMS on an ongoing basis.
Westag manufactures high-quality engineered wood products for building construction and interior design. The company, with its registered office in Rheda-Wiedenbrück, was founded in 1901 and generated turnover of around EUR 186.3 million in the 2024 financial year.
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