The online retailer Zalando is about to take over his competitor about you.
The Berlin company has secured more than 90 percent of the ABOUT YOU share capital, as announced on Friday. Shales are calculated by About You themselves. As soon as the purchase of the shares is carried out after the authorities approved, Zalando wants to push the remaining minority shareholders of About You out of the company. According to the information, this could occur from summer.
In order to carry out this so-called squeeze-out of the minority shareholders, Zalando About You wants to merge with himself or a subsidiary. If the participation reaches 95 percent of the relevant shares, the squeeze-out could also take place directly.