VIB Vermögen AG Sets Merger Squeeze-Out Compensation for BBI at EUR 14.96 per Share

On June 24, 2024, VIB Vermögen AG announced the cash compensation for the merger squeeze-out at BBI Bürgerliches Brauhaus Immobilien Aktiengesellschaft. The compensation is set at EUR 14.96 per share.

VIB Vermögen AG currently holds around 94.88% of BBI's share capital. This majority allows VIB to initiate the squeeze-out process. The cash compensation was determined based on a company valuation of BBI by a neutral expert. A court-appointed auditor is reviewing the compensation amount and has indicated preliminary agreement with VIB's valuation.

The merger agreement between VIB and BBI is expected to be notarized soon. The general meeting of BBI, where the transfer resolution will be voted on, is scheduled for August 13, 2024. VIB’s general meeting for the merger resolution will follow on August 14, 2024.

The merger's effectiveness is subject to approval by both companies' general meetings and corresponding registrations in the commercial registers.