- 30.03.2017, 18:18:09
- /
- OTE0012
Squeeze-out initiated for GfK SE
London & Nuremberg (ots) - Acceleratio Capital N.V., a holding
company controlled by funds advised by Kohlberg Kravis Roberts & Co.
L.P. (together with affiliates, "KKR"), today initiated a squeeze-out
of minority shareholders against payment of a cash compensation in
order to acquire all shares in GfK SE.
As announced before, Acceleratio Capital N.V. and GfK Verein together
held more than 75 percent of the share capital and voting rights of
GfK SE following completion of the voluntary public takeover offer.
In addition, Acceleratio Capital N.V. together with affiliates has
acquired GfK shares off-market corresponding to about 20.9 percent of
the shares of GfK SE. Now, Acceleratio Capital N.V. holds 35,285,787
shares in GfK SE representing 96.7 percent of the share capital and
voting rights of GfK SE.
A shareholding quota of more than 95 percent allows for a squeeze-out
of the minority shareholders and hence a de-listing of GfK SE. On 22
March 2017, Acceleratio Capital N.V. and GfK Verein already informed
GfK SE about their intention to initiate a squeeze-out. Today,
Acceleratio Capital N.V. formally provided GfK SE with the request
pursuant to section 327a para. 1 sentence 1 of the German Stock
Corporation Act (Aktiengesetz) that GfK SE's general meeting shall
resolve upon the transfer of all shares of the minority shareholders
to Acceleratio Capital N.V. The amount of the cash compensation will
be determined at a later date. The exact date of the general meeting
of GfK SE will be communicated by GfK SE in due course.
About KKR
KKR is a leading global investment firm that manages investments
across multiple asset classes including private equity, energy,
infrastructure, real estate, credit and hedge funds. KKR aims to
generate attractive investment returns by following a patient and
disciplined investment approach, employing worldclass people, and
driving growth and value creation at the asset level. KKR invests its
own capital alongside its partners' capital and brings opportunities
to others through its capital markets business. References to KKR's
investments may include the activities of its sponsored funds. For
additional information about KKR & Co. L.P. (NYSE:KKR), please visit
KKR's website at www.kkr.com and on Twitter @KKR_Co.
Disclaimer and Forward-Looking Statement
This release is neither an offer to purchase nor a solicitation of an
offer to sell GfK shares or any other security. The offer document,
the terms and conditions contained therein shall have sole relevance
in respect to the offer. Investors and holders of shares in GfK are
advised to read the relevant documents regarding the tender offer
published by Acceleratio Capital N.V. as they contain important
information. Investors and holders of shares in GfK can receive the
offer document as well as other documents in connection with the
offer from the website www.acceleratio-angebot.de.
The information herein may contain "forward-looking statements" that
may be identified by words such as "expects," "anticipates,"
"intends," "plans," "believes," "estimates" or words of similar
meaning about the expected future business of Acceleratio Capital
N.V., GfK or any other entity. These statements are based on the
current expectations of the management of Acceleratio Capital N.V.
and KKR and are inherently subject to uncertainties and the change of
circumstances. Acceleratio Capital N.V. and KKR do not assume any
obligation to update forward-looking statements to reflect actual
results, or any change in events, conditions, assumptions or other
factors.
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EUN






