01

Analysis of Both Parties’ Financial Influence, Strategic Plan for Acquisition

Eurasian Consulting ("EC") reviews the public financial information and forms price expectation

EC and the Buyer work out acquisition strategy and acquisition framework together

EC assists the Buyer in establishing contact with major shareholders and management of the Target company, getting to know the sale will of the shareholders (friendly shareholders)

02

Making Public the Intention of Acquisition

Prior notice to BaFin

Making public the acquisition intention and formal notice to the management of the Target company

EC organizes formal communication between the Buyer and the Target company

03

Preparation of Offer Document for the Acquisition

Preparation for offer document (about 4 weeks)

04

Submitting to BaFin for Approval

Submitting offer document

05

Obtain Transaction Permit and Make Payment

Making public the offer document immediately after being approved by BaFin

Immediate notice to the Target company

Completing the transaction with the shareholders in accordance with offer framework within the permit period (generally 4-10 weeks)

Adjustment of offer documents is allowed under certain circumstances

06

Post-merger Integration, Retreating of Minority Shareholders