Zalando SE Announces Voluntary Takeover Offer for ABOUT YOU Holding SE

On December 11, 2024, Zalando SE revealed its decision to launch a voluntary public takeover offer to acquire ABOUT YOU Holding SE. This offer proposes a cash payment of EUR 6.50 for each share of ABOUT YOU. A Business Combination Agreement outlines the terms of the offer, with both Zalando and ABOUT YOU's management supporting the proposal.

Binding agreements have been made with major shareholders of ABOUT YOU, including Otto (GmbH & Co KG) and members of the Otto Family, who control about 73% of the company's share capital. The takeover is contingent on standard closing conditions and necessary regulatory approvals, though a minimum acceptance threshold is not mandated.

The offer details will be published following approval from the German Federal Financial Supervisory Authority. This bid adheres strictly to German and certain U.S. regulations, with no plans to extend the offer in other regions. Forward-looking statements in the announcement warn of possible risks and uncertainties, with no obligation to update based on future events.