DGAP-News: zooplus AG
/ Key word(s): Offer
zooplus announces voluntary public takeover offer by EQT at EUR 470 per share
Munich, September 25, 2021. zooplus, the leading European online pet platform, welcomes the voluntary public takeover offer by EQT, a global investment organization, at an offer price of EUR 470 per zooplus share in cash. This represents an EUR 10 increase compared to the voluntary public takeover offer published by Hellman & Friedman ("H&F") on September 14, 2021, and a 69 percent premium to the unaffected share price of zooplus as of August 12, 2021, the day before H&F announced such voluntary public takeover offer for the company.
The offer is proof of the Management Board's commitment to maximizing value for its shareholders while finding a financial and strategic partner to strengthen the company's competitive lead and to support its ambition to win the growing and fast-evolving European pet category in the long run. This will, among other things, require material investments into digital excellence, best-in-class logistics and a broad product and service choice, which will have adverse effects on the company's short- and mid-term profitability - a strategy which EQT has committed itself to.
Key Terms of the Offer
Support of zooplus' strategy
EQT is a purpose-driven global investment organization with more than EUR 71 billion in assets under management across 27 active funds. It has significant experience in the pet sector, with current and previous portfolio companies including IVC Evidensia, Europe's largest veterinary service provider, Bought By Many, a UK-based pet insurance provider, and the Nordic omni-channel pet appliances retailer Musti Group, which EQT has exited in 2020. EQT works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership. Its portfolio also benefits from EQT's global network of industry advisors and inhouse digitalization teams, which have expert capabilities within e-commerce, digital business development, cybersecurity, and machine learning, among other things.
In accordance with the requirements of the German Securities Acquisition and Takeover Act, the offer document (once available) and other information relating to the public takeover offer by EQT will be made available by EQT, following approval by the German Federal Financial Supervisory Authority (BaFin) on the following website: www.eqt-offer.com
After publication, the Management Board and Supervisory Board will carefully review the offer document in accordance with their legal obligations and submit a reasoned statement.
For further information about zooplus, please visit investors.zooplus.com or our international shop site at zooplus.com.
Press / Investor relations contact:
25.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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|EQS News ID:||1235957|
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