Recommended public takeover offer
A consortium led by Nordic Capital and Permira1 has announced that it will make an all-cash recommended voluntary public takeover offer for Bavarian Nordic at DKK 233.0 per share.
As soon as possible, and no later than on 26 August 2025, the offer document as approved by the Danish Financial Supervisory Authority will be published. Once the offer document is published, it will be made available on this website.
The Board of Directors2 of Bavarian Nordic has concluded that the takeover offer from Nordic Capital and Permira represents an attractive offer for the shareholders of Bavarian Nordic and has unanimously decided that it intends to recommend Bavarian Nordic's shareholders to accept the offer in its reasoned statement on the offer, which will also be published and made available on this website after the offer document has been published.
Information in EnglishInformation på dansk
Note 1: The consortium has incorporated and controls Innosera ApS, which is the bidder and is the legal entity that will publish an offer document once approved by the Danish FSA.
Note 2: Maria Montserrat Montaner Picart, who is affiliated with Nordic Capital, has not taken part in the Board of Directors' deliberations and otherwise Bavarian Nordic's handling of the transactions contemplated by the announcement agreement and the offer, including the negotiations leading to the entering into of the announcement agreement. Accordingly, any reference to Bavarian Nordic's Board of Directors in this information page shall, unless otherwise so specifically stated, be understood to exclude Maria Montserrat Montaner Picart.