MUNICH (dpa-AFX) - The two largest shareholders of Atoss Software intend to sell shares in the company to institutional investors via a private placement. The plan is to sell shares with a volume of around 130 million euros, as Atoss announced in Munich on Thursday evening. AOB Invest, a company owned by Andreas Obereder, CEO and founder of Atoss Software, and General Atlantic Chronos intend to sell shares in equal proportions.

The share, which is listed in the small-cap segment SDax and already closed with a discount of almost 5 percent, lost a further almost 6 percent on Tradegate at the Xetra close.

In this context, AOB also intends to transfer around five percent of Atoss to General Atlantic at a previously agreed price. The corresponding agreement was concluded between the two companies in June 2023. General Atlantic intends to use the net proceeds from the placement primarily for financing purposes. Following the two transactions, AOB Invest's stake will fall from around 30 percent to around 22 percent. General Atlantic will increase its stake from 19.99 percent to around 22 percent.

The completion of the placement is expected to increase the free float, thereby increasing the liquidity of the Atoss share and broadening the base of institutional investors, according to the statement./nas/jha/