Germany's Zalando secures over 90% stake in About You
Shareholders who accepted the offer will receive €6.50 (~$7.65) per share.
With a 20.56 per cent acceptance ratio and further share purchases, Zalando now holds over 90 per cent of About You and plans a squeeze-out via merger to acquire remaining shares.
Zalando SE ('Zalando') announced that the European Commission granted merger control clearance for the voluntary public takeover offer to the shareholders of ABOUT YOU Holding SE ('ABOUT YOU') and further share purchase agreements, thus fulfilling all closing conditions for the transaction. The takeover offer is planned to be settled on 11 July 2025.
Through the settlement, shareholders who accepted the offer will receive the offer price of EUR 6.50 per tendered ABOUT YOU share. With an acceptance ratio of 20.56% and taking into account further share purchase agreements entered into in the context of the takeover offer and further market purchases, Zalando has secured more than 90% of ABOUT YOU's share capital (excluding treasury shares).
Zalando has received EU approval for its voluntary public takeover of About You, with settlement set for July 11, 2025. Shareholders who accepted the offer will receive €6.50 (~$7.65) per share. With a 20.56 per cent acceptance ratio and further share purchases, Zalando now holds over 90 per cent of About You and plans a squeeze-out via merger to acquire remaining shares.
Zalando still has the firm intention as a next step to carry out a squeeze-out of the remaining minority shareholders of ABOUT YOU and to acquire the remaining ABOUT YOU shares against adequate cash compensation. The squeeze-out shall take place as part of a merger of ABOUT YOU into a wholly owned subsidiary of Zalando.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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