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
Zalando SE has successfully secured over 90% of ABOUT YOU Holding SE's share capital (excluding treasury shares) through its public takeover offer and related agreements. The acceptance period for the takeover offer concluded on March 6, 2025, with final results to be published on March 11, 2025.
Following this achievement, Zalando has announced its firm intention to implement a squeeze-out of remaining minority shareholders after the takeover closing, expected in summer 2025. The company plans to execute this through either a merger squeeze-out or a direct squeeze-out if 95% ownership is reached. Both scenarios will provide minority shareholders with adequate cash compensation, with the exact amount to be determined later.
The completion of the takeover offer remains subject to regulatory approvals.
Zalando SE ha ottenuto con successo oltre il 90% del capitale sociale di ABOUT YOU Holding SE (escludendo le azioni proprie) tramite la sua offerta pubblica di acquisto e accordi correlati. Il periodo di accettazione per l'offerta di acquisto si è concluso il 6 marzo 2025, con i risultati finali che saranno pubblicati l'11 marzo 2025.
In seguito a questo risultato, Zalando ha annunciato la sua ferma intenzione di attuare un squeeze-out dei restanti azionisti di minoranza dopo la chiusura dell'acquisizione, prevista per l'estate del 2025. L'azienda prevede di eseguire questo processo tramite un squeeze-out per fusione o uno squeeze-out diretto se si raggiunge il 95% di proprietà. Entrambi gli scenari garantiranno agli azionisti di minoranza un'adeguata compensazione in contante, con l'importo esatto che sarà determinato in seguito.
Il completamento dell'offerta di acquisto rimane soggetto ad approvazioni normative.
Zalando SE ha asegurado con éxito más del 90% del capital social de ABOUT YOU Holding SE (excluyendo las acciones en tesorería) a través de su oferta pública de adquisición y acuerdos relacionados. El período de aceptación para la oferta de adquisición concluyó el 6 de marzo de 2025, con los resultados finales que se publicarán el 11 de marzo de 2025.
Tras este logro, Zalando ha anunciado su firme intención de llevar a cabo un squeeze-out de los restantes accionistas minoritarios después del cierre de la adquisición, previsto para el verano de 2025. La compañía planea ejecutar esto a través de un squeeze-out por fusión o un squeeze-out directo si se alcanza el 95% de propiedad. Ambos escenarios proporcionarán a los accionistas minoritarios una compensación en efectivo adecuada, cuyo monto exacto se determinará más adelante.
La finalización de la oferta de adquisición sigue sujeta a aprobaciones regulatorias.
잘란도 SE는 공개 인수 제안 및 관련 계약을 통해 ABOUT YOU 홀딩 SE의 자본금의 90% 이상을 성공적으로 확보했습니다(자사주 제외). 인수 제안에 대한 수락 기간은 2025년 3월 6일에 종료되며, 최종 결과는 2025년 3월 11일에 발표될 예정입니다.
이 성과에 따라 잘란도는 인수 마감 후 남은 소수 주주에 대한 스퀴즈아웃을 시행할 확고한 의사를 밝혔습니다. 이는 2025년 여름에 예상됩니다. 회사는 95%의 소유권에 도달할 경우 합병 스퀴즈아웃 또는 직접 스퀴즈아웃을 통해 이를 실행할 계획입니다. 두 시나리오 모두 소수 주주에게 적절한 현금 보상을 제공하며, 정확한 금액은 추후 결정될 것입니다.
인수 제안의 완료는 규제 승인을 받아야 합니다.
Zalando SE a réussi à sécuriser plus de 90% du capital social de ABOUT YOU Holding SE (hors actions propres) grâce à son offre publique d'achat et aux accords connexes. La période d'acceptation de l'offre d'achat s'est terminée le 6 mars 2025, avec des résultats finaux qui seront publiés le 11 mars 2025.
Suite à ce succès, Zalando a annoncé son intention ferme de procéder à un squeeze-out des actionnaires minoritaires restants après la clôture de l'acquisition, prévue pour l'été 2025. L'entreprise prévoit de réaliser cela par le biais d'un squeeze-out par fusion ou d'un squeeze-out direct si 95% de propriété est atteint. Les deux scénarios offriront aux actionnaires minoritaires une compensation en espèces adéquate, dont le montant exact sera déterminé ultérieurement.
La finalisation de l'offre d'achat reste soumise à des approbations réglementaires.
Zalando SE hat erfolgreich über 90% des Grundkapitals von ABOUT YOU Holding SE (ohne eigene Aktien) durch sein öffentliches Übernahmeangebot und verwandte Vereinbarungen gesichert. Die Annahmefrist für das Übernahmeangebot endete am 6. März 2025, die endgültigen Ergebnisse werden am 11. März 2025 veröffentlicht.
Nach diesem Erfolg hat Zalando seine feste Absicht bekannt gegeben, einen Squeeze-out der verbleibenden Minderheitsaktionäre nach dem Abschluss der Übernahme durchzuführen, der für den Sommer 2025 erwartet wird. Das Unternehmen plant, dies entweder durch einen Verschmelzungs-Squeeze-out oder einen direkten Squeeze-out umzusetzen, wenn 95% Eigentum erreicht werden. Beide Szenarien werden den Minderheitsaktionären eine angemessene Barentschädigung bieten, deren genaue Höhe später festgelegt wird.
Der Abschluss des Übernahmeangebots unterliegt weiterhin regulatorischen Genehmigungen.
- Secured over 90% ownership threshold required for squeeze-out
- Clear path to full acquisition of ABOUT YOU
- Strategic consolidation of e-commerce operations
- Pending regulatory approvals could delay completion
- Additional cash outlay required for minority shareholder compensation
- Extended timeline until summer 2025 for deal completion
BERLIN, GERMANY / ACCESS Newswire / March 7, 2025 / Zalando SE (Zalando) has successfully secured more than
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
Contact:
Zalando SE
Valeska-Gert-Straße 5, 10243 Berlin, Germany
Registered with the Commercial Register of the local court (Amtsgericht) of Charlottenburg under HRB: 158855 B
Listed: Regulated Market (Prime Standard) in Frankfurt
ISIN: DE000ZAL1111
Zalando Media and Investor Relations contact:
Media inquiries
Sarah Syed
Business & Financial Communications
presse@zalando.de
Investor/Analyst inquiries
Patrick Kofler
Investor Relations
investor.relations@zalando.de
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 inspiring and quality multi-brand shopping experience for fashion and lifestyle products to more than 50 million active customers in 25 markets. In B2B, we are using our logistics infrastructure, software and service capabilities to help brands and retailers run and scale their entire e-commerce business, on or off Zalando. As an ecosystem, Zalando aims to enable positive change for the fashion and lifestyle industry.
Important information:
This press release is for information purposes only and does not constitute a solicitation to sell or an offer to buy any of the securities of ABOUT YOU Holding SE. The final terms and conditions and other provisions relating to the Takeover Offer are disclosed in the offer document, the publication of which has been approved by the German Federal Financial Supervisory Authority ( Bundesanstalt für Finanzdienstleistungsaufsicht ). Investors and holders of securities of ABOUT YOU Holding SE are strongly recommended to read the offer document and all other announcements in connection with the Takeover Offer as soon as they are published, as they contain or will contain important information. The Takeover Offer is made exclusively under the laws of the Federal Republic of Germany, especially under the German Securities Acquisition and Takeover Act ( Wertpapiererwerbs- und Übernahmegesetz - WpÜG ), and certain provisions of the securities laws of the United States of America applicable to cross-border takeover offers.
The Bidder reserves the right, to the extent legally permitted, to directly or indirectly acquire further shares of ABOUT YOU Holding SE outside the Takeover Offer on or off the stock exchange. If such further acquisitions take place, information about such acquisitions will be published without undue delay, if and to the extent required by the laws of the Federal Republic of Germany or any other relevant jurisdiction.
Insofar as this document contains forward-looking statements, these do not represent facts and are identified by the words "will", "expect", "believe", "estimate", "intend", "aim", "assume" and similar expressions. These statements express the intentions, beliefs or current expectations and assumptions of Zalando SE and the persons acting in concert with it. The forward-looking statements are based on current plans, estimates and projections made by Zalando SE and the persons acting in concert with Zalando SE to the best of their knowledge, but make no representation as to their future accuracy. Forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and are usually beyond the control of Zalando SE or the persons acting in concert with Zalando SE. These expectations and forward-looking statements may prove to be inaccurate and actual developments may differ materially from forward-looking statements. Zalando SE and the persons acting in concert with Zalando SE do not assume any obligation to update the forward-looking statements with respect to actual developments or events, general conditions, assumptions or other factors.
SOURCE: Zalando SE
View the original press release on ACCESS Newswire
FAQ
What percentage of ABOUT YOU shares has Zalando secured in the takeover offer?
When will the ZLDSF takeover of ABOUT YOU be completed?
How will Zalando implement the squeeze-out of ABOUT YOU minority shareholders?
When will ABOUT YOU shareholders know the final cash compensation amount for the squeeze-out?
When will the final results of the ZLDSF takeover offer for ABOUT YOU be published?
