Zalando to Execute Squeeze-Out of ABOUT YOU Minority Shareholders

Zalando has secured over 90% of the shares in ABOUT YOU Holding SE. The company plans to implement a squeeze-out of the minority shareholders. The Hamburg-based firm announced that Zalando notified their Management Board about this intention. The strategy involves either a squeeze-out under stock corporation law or through a merger.

Post-settlement of the takeover offer and agreements with major shareholders, Zalando will own at least 159,448,689 shares, surpassing the 90% threshold necessary for a merger squeeze-out as per German law. The acceptance period for the offer concluded on March 6, 2025, with final takeover results expected by March 11, 2025.

Zalando might also increase its shares to at least 95% through further purchases. This would allow a squeeze-out under stock corporation law. Zalando will later determine the cash compensation for minority shareholders. The formal request for the squeeze-out will be submitted soon.