Business
Zalando Has Secured More Than 90% of ABOUT YOU’s Share Capital Without Treasury Shares and Announces Firm Intention To Implement a Squeeze-Out of Minority Shareholders of ABOUT YOU
BERLIN, GERMANY / ACCESS Newswire / March 7, 2025 / Zalando SE (Zalando) has successfully secured more than 90% of the share capital of ABOUT YOU Holding SE (ABOUT YOU) without treasury shares through its public takeover offer (Takeover Offer) and ...
About this update from Zalando Se
[{"type":"text","content":"BERLIN, GERMANY / ACCESS Newswire / March 7, 2025 / Zalando SE (Zalando) has successfully secured more than 90% of the share capital of ABOUT YOU Holding SE (ABOUT YOU) without treasury shares through its public takeover offer (Takeover Offer) and related agreements. The acceptance period for the Takeover Offer expired at midnight (CET) on 6 March 2025. The final results of the Takeover Offer will be published on 11 March 2025. Closing of the Takeover Offer, which is still subject to regulatory approvals, is expected to take place in summer 2025.","length":552,"tagName":"p"},{"type":"text","content":"On this basis, Zalando has the firm intention to implement a squeeze-out of the remaining minority shareholders of ABOUT YOU following closing of the Takeover Offer and the agreements entered into with key shareholders. Zalando has informed the management board of ABOUT YOU about this firm intention today. Zalando plans to implement the squeeze-out in connection with a merger of ABOUT YOU as transferring entity with Zalando or a wholly-owned subsidiary of Zalando as acquiring entity (merger squeeze-out), unless Zalando reaches an ownership of 95% of the relevant shares, which enables a direct squeeze-out without merger. In both cases, Zalando would acquire the remaining shares of ABOUT YOU in exchange for an adequate cash compensation. The amount of the cash compensation per ABOUT YOU share will be determined at a later date.","length":837,"tagName":"p"},{"type":"text","content":"Contact: Zalando SEValeska-Gert-Straße 5, 10243 Berlin, GermanyRegistered with the Commercial Register of the local court (Amtsgericht) of Charlottenburg under HRB: 158855 BListed: Regulated Market (Prime Standard) in FrankfurtISIN: DE000ZAL1111","length":250,"tagName":"p"},{"type":"text","content":"Zalando Media and Investor Relations contact:Media inquiriesSarah SyedBusiness & Financial [email protected]","length":130,"tagName":"p"},{"type":"text","content":"Investor/Analyst inquiriesPatrick KoflerInvestor [email protected]","length":90,"tagName":"p"},{"type":"text","content":"About Zalando Founded in Berlin in 2008, Zalando is building the leading pan-European ecosystem for fashion and lifestyle e-commerce around two growth vectors: Business-to-Consumer (B2C) and Business-to-Business (B2B). In B2C, we offer an inspi...