Vion Pursues the Acquisition of the Remainder of the A. Moksel AG Shares
Vion assumes that completion of the overall process could take up to one year. The acquisition of the remaining shares will eventually lead to a de-listing of A. Moksel AG. The process will not have any direct implications for the activities of A. Moksel AG or its employees.
2/16/2011 --- Vion is focusing on streamlining its corporate structure to manage its activities efficiently. Therefore Vion pursues the acquisition of the remainder approximately 5% of the A. Moksel AG shares by way of a statutory squeeze-out process. This process will be carried out in accordance with the regulations of the German Act on Public Companies.
Vion will work closely with the A. Moksel management and supervisory board to support them in this process. It is currently anticipated to resolve on the squeeze-out in the next annual shareholders’ meeting.
Vion assumes that completion of the overall process could take up to one year. The acquisition of the remaining shares will eventually lead to a de-listing of A. Moksel AG. The process will not have any direct implications for the activities of A. Moksel AG or its employees.
A. Moksel AG is an important part of Vion Food Group and Vion is committed to its presence in Germany and its role as a major employer.
Vion N.V. is an internationally operating food company with two core activities Food and Ingredients. The company produces high-quality foods and ingredients for humans and animals. Vion has an annual turnover of € 9.0 billion and employs 27.000 staff worldwide.
