EQS-Adhoc
VIB Vermögen AG decides to implement a merger-related squeeze-out of the minority shareholders of BBI Bürgerliches Brauhaus Immobilien Aktiengesellschaft
- VIB Vermögen AG decides to squeeze out minority shareholders of BBI.
- Merger-related procedure to optimize Group structure.
- Majority shareholder VIB to grant cash compensation to minority shareholders.
EQS-Ad-hoc: VIB Vermögen AG / Key word(s): Squeeze Out
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 (Market Abuse Regulation) |
The Managing Board of VIB Vermögen AG, Neuburg an der Donau, ISIN DE000A2YPDD0, („VIB“) intends to merge BBI Bürgerliches Brauhaus Immobilien Aktiengesellschaft, Ingolstadt, ISIN
DE0005280002, („BBI“) (as transferring company) into VIB (as surviving company) in order to optimise the Group structure.
In the context of the merger of BBI into VIB, VIB intends to implement the procedure to transfer the shares of the minority shareholders of BBI in return for an adequate cash compensation
(squeeze-out under merger law pursuant to Section 62 para. 5 UmwG in conjunction with Section 327a para. 1 AktG). The Managing Board of VIB today passed the corresponding resolutions with the
approval of the Supervisory Board of VIB.
Furthermore, the Managing Board of VIB has today, in accordance with Section 62 para. 5 UmwG in conjunction with Section 327a para. 1 AktG, submitted to the Managing Board of BBI the proposal to
enter negotiations on a merger agreement and the formal request to initiate the procedure for the implementation of a squeeze-out under merger law.
The VIB currently holds around 94.88 % of the share capital of BBI and is therefore the majority shareholder of BBI in the context of Section 62 para. 5 UmwG in conjunction with Section 327a
para. AktG. The amount of the appropriate cash compensation that VIB as majority shareholder will grant to the minority shareholder of BBI for the transfer of the shares has not yet been
determined.