Global Finance News
25 Apr 2026, 19:54
SAP SE has announced plans to merge its subsidiary emarsys interactive services GmbH into the parent company through a simplified intra-group merger. The transaction will take effect internally from January 1, 2026, with all operations of emarsys deemed to be carried out on behalf of SAP SE until the subsidiary is formally dissolved.
As SAP SE already holds 100% of emarsys, the merger will proceed without requiring shareholder approval, a general meeting, or additional audit and reporting procedures under German transformation law. However, SAP shareholders representing at least 5% of share capital retain the right to request a general meeting to vote on the merger.
The move reflects a structural simplification within SAP’s corporate organization, with relevant merger documents and financial statements for both entities made available to shareholders.
As SAP SE already holds 100% of emarsys, the merger will proceed without requiring shareholder approval, a general meeting, or additional audit and reporting procedures under German transformation law. However, SAP shareholders representing at least 5% of share capital retain the right to request a general meeting to vote on the merger.
The move reflects a structural simplification within SAP’s corporate organization, with relevant merger documents and financial statements for both entities made available to shareholders.