Frankfurt/Düsseldorf-Global law firm Dentons has advised the Doblinger Group on the acquisition of a majority stake in the Munich heritage company Ludwig Beck am Rathauseck - Textilhaus Feldmeier Aktiengesellschaft (Ludwig Beck AG) as well as on the subsequent public mandatory tender and delisting offer to the shareholders of Ludwig Beck AG.

Doblinger Group subsidiary Bayerische Gewerbebau AG acquired the majority stake following antitrust approval of the transaction in June 2026. Subsequently, in July 2026, Bayerische Gewerbebau AG submitted a mandatory tender and delisting offer to the shareholders of Ludwig Beck AG in accordance with the Securities Acquisition and Takeover Act (WpÜG) and the Stock Exchange Act (BörsG) to acquire all shares of Ludwig Beck AG for €23.16 per share. The acceptance period for the offer ended on August 18, 2026.

The shares of Ludwig Beck AG had previously been traded on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange as well as on the Regulated Market of the Munich Stock Exchange. As part of the mandatory delisting tender offer, the admission of the shares to trading on the Regulated Market was revoked at the request of Ludwig Beck AG.

Ludwig Beck AG is a stock corporation headquartered in Munich with indirect real estate holdings in Munich and Hanover. This long-established retail company has a history spanning more than 150 years and operates its flagship store, "Kaufhaus der Sinne," on Munich's Marienplatz, offering a diverse selection of fashion, beauty, and lifestyle products.

The Doblinger Group has been growing steadily for over five decades and is now one of the leading players in the German residential and commercial real estate market. The group employs approximately 650 people in the real estate sector and generates annual revenue of approximately €600 million.

A Dentons team led by Frankfurt partner Dr. Robert Weber provided comprehensive legal advice to the Doblinger Group on the corporate and M&A, capital markets, antitrust, and labor law aspects of the majority acquisition and the subsequent mandatory tender and delisting offer.

Advisors:

Dentons (Frankfurt/Düsseldorf): Dr. Robert Weber (Partner, lead, Frankfurt), Sebastian Klingen (Partner, Düsseldorf), Greta Gauch (Counsel, Frankfurt), Dr. Milan Schäfer (Associate, Frankfurt, all Corporate/M&A), Dr. Florian Wiesner (Partner, Düsseldorf), Dr. Arne Karsten (Counsel, Düsseldorf, both Competition and Antitrust), Dr. Wiebke Schulz (Partner, Frankfurt, Employment and Labor)

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com