CABKA GmbH completed the acquisition of Dutch Star Companies TWO B.V. in a reverse merger transaction
The transaction is subject to obtaining the relevant financing consents, approvals from the DSCT shareholders. As of December 23, 2021, 72.2% of DSCT's shareholders have already provided indications of support for the deal at the upcoming extraordinary general meeting scheduled to be held on February 28, 2022. As of December 23, 2021, 85.4% of DSCT's shareholders have already provided indications of support for the deal at the upcoming extraordinary general meeting At an Extraordinary General Meeting of shareholders on 28 February 2022, 100% of DSCT shareholders voted in favor of the business combination with Cabka, resulting in a legal acquisition of Cabka GmbH by DSCT, immediately renaming Dutch Star Company TWO into Cabka N.V. to continue the activities of Cabka under that name. Shareholders of Dutch Star Companies TWO became shareholders of Cabka. The business combination is expected to become effective and subsequent listing of Cabka N.V. on March 1, 2022.
Bansbach acted as the auditor and DeBreij acted as the legal advisor for Cabka. Oaklins acted as the financial advisor, Hans Schoneweg, Heike Weber, Tim Mueller and René Galle of Allen & Overy LLP (Germany), Sjoerd Bujin of Allen & Overy (Netherlands), Allen & Overy teams in Belgium, the UK, Spain and US acted as the legal advisors and KPMG acted as the financial and tax due diligence advisor for DSCT.
CABKA GmbH completed the acquisition of Dutch Star Companies TWO B.V. (ENXTAM:DSC2) (DSCT) in a reverse merger transaction on February 28, 2022. Following the acquisition of Cabka Group GmbH , Dutch Star Companies TWO B.V. changed its company name to Cabka N.V. Cabka N.V. specializes in the manufacture of pallets and large containers from recycled plastic. Cabka N.V. offers sustainable supply chain and logistics solutions with lower CO2 footprints to solve the needs of load carriers in the sectors of retail distribution, agri-food, pharmaceutical industry, automotive industry, etc.