The German brand Zalando secures a majority stake in its agreement

Zalando SE (the “Bidder” or “Zalando”) published the offer document for its voluntary public takeover offer (the “takeover offer”) for your shares in Holding SE (“About you”) after the approval from the German Federal Financial Supervisory Authority (“Bafin”).

About you shareholders can accept the takeover offer and your tender on your shares at a price of 6.50 euros per share in cash, representing a 12% premium to the median target price of 5.80 euros (~$6.09 ) and a premium of 107% around the 3-month volume-weighted average share price on December 10, 2024, the last trading day before Zalando's announcement of its intention to submit a takeover offer.

Zalando SE has launched a voluntary takeover offer for you to own SE at 6.50 euros (~$6,825) per share, a 12 percent premium to the analyst's median price target. With almost 80 percent of the shares secured, Zalando aims to create value through collaboration. The acceptance period ends on February 17, 2025, and the deal is expected to close in summer 2025, pending regulatory approvals.

Through agreements with your main shareholders, Otto Group, Otto Family, Heartland and the three founders and members of the Management Board of Tis, and further purchases, Zalando has already secured almost 80% of your share capital. the transaction. The transaction comes with compelling value creation opportunities that the two companies, operating in the same industry, can generate by collaborating in a wide range of areas.

Subject to their review of the offer document, the Management Board and the Supervisory Board of their support for the Takeover Offer and intend to recommend that the shareholders upon their shareholders accept the takeover offer.

The acceptance period is expected to end at midnight on February 17, 2025 (CET). The tender offer is not subject to a minimum acceptance threshold. Closing of the transaction is expected in summer 2025, subject to obtaining relevant regulatory approvals.

Details of how the takeover offer may be accepted are set out in the offer document. Your shareholders must contact their respective custodian banks to submit their shares and request any relevant deadlines set by their custodian banks that may require shares before the formal end of the acceptance period.

Note: The headline, ideas and image of this press release may have been refined by Fibre2Fashion staff; The rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)


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