Heuking Kühn Lüer Wojtek advises major shareholder in squeeze-out under merger law of VBH Holding AG

A team led by Dr. Mirko Sickinger, LL.M., Partner at the Cologne office of business law firm Heuking Kühn Lüer Wojtek, advises the major shareholder, Ascalon Holding AG, Vienna, Austria, on a squeeze-out under merger law at VBH Holding AG.
At present, Ascalon Holding GmbH and three other core shareholders are holding more than 92 percent of shares in VBH Holding AG. Via an intermediate holding company, the future TLF Holding AG, they intend to perform a squeeze-out at VBH Holding AG under merger law and thus to take over the company’s remaining shares, to compensate the minority shareholders appropriately, and then to merge VBH Holding AG to TLF Holding AG.
The aim of the squeeze-out procedure under merger law is to continue the business operations of VBH Group in a new structure that allows for significant cost savings and thus to assist VBH Group to improve its positioning on the market in a highly competitive environment. After the injection of equity capital through a capital increase last year, the core shareholders are thus taking a further important step to strengthen the company.
The extraordinary general meeting of VBH Holding AG is expected to decide on the squeeze-out on July 25, 2016.
VBH Group, headquartered in Korntal-Münchingen, is the world's largest trading group in the trade with fittings and accessories for the manufacture and installation of windows, doors, and facades.
Counsel to Ascalon Holding GmbH
Heuking Kühn Lüer Wojtek:

Dr. Mirko Sickinger, LL.M. (Lead)
Tobias Nagel,
Lena Pfeufer (all Corporate and Capital Markets), all Cologne

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