Sepura, Hytera deal to be scrutinised by authorities in Germany

Shares in Sepura slumped more than a quarter after the Federal Ministry of Economic Affairs and Energy (BMWi) in Germany decided to seek to start a review of the recommended acquisition by Hytera Communications Corporation Ltd.

FTSE All-Share

4,411.85

15:45 15/11/24

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FTSE Small Cap

6,802.32

15:45 15/11/24

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Sepura

19.75p

17:00 23/05/17

0.00%

0.00p

Technology Hardware & Equipment

1,920.18

16:30 25/09/24

0.00%

0.00

The review would be on grounds of either public policy and/or national security linked to Sepura Deutschland GmbH.

"Sepura and Hytera are in the process of assessing any potential impact of this notification on the completion of the acquisition and will be engaging with BMWi. A further update will be provided in due course," they said in a statement.

At 11:38 BST, shares in Sepura were down 26.98% at 11.5p each.