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KWS changes legal form
Jul. 3, 2019
KWS SAAT SE & Co. KGaA
GermanyFollow
Germany
- Change to partnership limited by shares
- New legal form supports continuation of growth strategy
- Company’s character as listed family business is preserved
Upon today’s entry in the commercial register, the company’s legal form has changed from KWS SAAT SE into KWS SAAT SE & Co. KGaA as adopted by the Annual General Meeting on December 14, 2018.
As part of the change in legal form, KWS SE will join the company as general partner. It will be majority-owned by investment companies of the shareholder families C.-E. Büchting and Arend Oetker. Its Executive Board will be identical to the previous Executive Board of KWS SAAT SE. The shareholders of KWS SAAT SE will automatically become limited partners of the new KGaA. The change of legal form will not result in liquidation of the company or formation of a new legal entity. The company’s legal and economic identity will be retained, and the composition of the supervisory board remains unchanged.
The change in legal form is to sustainably further the company’s continuing growth strategy. As a KGaA, KWS will be able to leverage future growth opportunities with greater agility and flexibility and raise the equity required for that without losing the company’s character as a listed family business.
The shares of KWS SAAT SE & Co. KGaA will continue to be registered under the established International Securities Identification Number
Source: KWS
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