Preliminary Review of Shelly Group SE Takeover Offer Completed

The Bulgarian Financial Supervision Commission (FSC) has finalized its preliminary review of a voluntary public takeover offer for Shelly Group SE, a prominent provider of IoT solutions from Sofia, Bulgaria. The offer was submitted by SE 2026 A, a subsidiary of Schneider Electric SE, aiming to acquire up to 13,244,827 shares, and no fewer than 12,330,305. The review, completed on October 22, 2026, led to a request from the FSC for additional information and clarifications in the offer document, although it did not impact the offer's core terms including its price.

The Bidder is obliged to make the necessary amendments within 20 business days before resubmitting the revised document to the FSC for approval. The offer publication is contingent upon this approval. Shelly Group SE has committed to keeping shareholders and the capital market informed about the offer's progress.