RUM Group Raises Northern Data Stake to About 98%, Starts Squeeze-Out
RUM Group acquired 8.26 million additional Northern Data shares, increasing its stake from 85.2% to approximately 98%. It commenced squeeze-out proceedings under German law, aiming for 100% ownership by early 2027.
RUM Group announced on November 12, 2026, that it acquired an additional 8.26 million shares of Northern Data AG, raising its ownership stake from 85.2% to approximately 98%. Concurrently, the company has commenced squeeze-out proceedings under the German Stock Corporation Act, with the objective of achieving 100% ownership of Northern Data by early 2027. The disclosure also noted that RUM Group's recent financial results were impacted by the integration of Northern Data, which contributed $11.0 million in payroll and administrative expenses during the third quarter of 2026.