VION Takes Next Step in the Procedure of the Acquisition of the Remainder of the A. Moksel AG Shares
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.
4/28/2011 --- Following VION's announcement made on 1 February 2011 to pursue the acquisition of the remainder approximately 5% of the A. Moksel AG shares by way of a statutory squeeze-out process, VION declares that it has confirmed its squeeze out request to Moksel AG on 26 April 2011. In this confirmed squeeze out request VION has informed the Vorstand (management board) of A. Moksel AG that it has determined a cash compensation of EUR 7.34 per outstanding share.
VION will continue to work closely with the A. Moksel AG 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, which is expected to take place on 1 July 2011.
VION assumes that completion of the overall process could take up to one year after the AGM. 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.
