The New Meat Company AG (DUSE:9AUA) signed a letter of intent to acquire 51.1% stake in EP Food GmbH on November 3, 2022. After closing, the shareholders of EP Food GmbH will contribute 51.1% of their shares to TNMC in return for 578,000 new TNMC shares. This corresponds to an issue price of the new shares of Ç3. The valuation of the shares to be contributed is subject to the confirmation of a contribution in kind auditor and can therefore still change.

After the legally effective conclusion of the transaction, the shareholders of EP Food GmbH and EP Food GmbH itself will become part of the platform company TNMC.