Squeeze-out of Minority Shareholders of Hypo Real Estate AG to be reviewed by the Higher Regional Court of Munich

by Martin Arendts, German Attorney-at-law

The Regional Court of Munich (Landgericht München I) declined to increase the compensation offered to minority shareholders of Hypo Real Estate AG (HRE) by the Financial Market Stabilisation Fund (Sonderfonds Finanzmarktstabilisierung (SoFFin)) as part of the squeeze-out procedure conducted in 2009.

A record number of 272 former shareholders have applied to review the compensation through the special legal procedure (“Spruchverfahren”).

Several applicants now filed an appeal against the decision of the Regional Court of Munich. The appeal will be heard by the Higher Regional Court of Munich (Oberlandesgericht München).

Landgericht München I, decision of 21 June 2013, File no. 5HK O 19183/09
http://spruchverfahren.blogspot.de/2013/08/finanzmarktrechtlicher-squeeze-out-bei.html

Domination agreement of VW subsidiary with MAN SE registered

On 26 April 2103 Truck & Bus GmbH, a subsidiary of Volkswagen AG (VW), signed a domination agreement with MAN SE. This domination agreement has now been registered with the commerical register on 16 July 2013 and become operative (so MAN SE is now controlled by VW). The compensation offered by Truck & Bus GmbH (only EUR 80.89) will be reviewed by the District Court of Munich I (Landgericht München I).

http://spruchverfahren.blogspot.de/2013/07/barabfindungsangebot-die-auenstehenden.html
http://spruchverfahren.blogspot.de/2013/07/gewinnabfuhrungs-und.html

Squeeze-out of minority shareholders of Rücker AG announced

On 23 August 2013, the extraordinary shareholders´ meeting of Rücker AG, Wiesbaden, will decide on the squeeze-out of minority shareholders, requested by ATON Engineering AG. According to the agenda of the meeting, Rücker AG shall be merged with its main shareholder ATON Engineering AG and the shares of minority shareholders be transferred to ATON ("verschmelzungsrechtlicher Squeeze-out").

ISIN DE0007041105
http://spruchverfahren.blogspot.de/2013/07/rucker-ag-verschmelzung-aton.html

Squeeze-out of minority shareholders of Advanced Inflight Alliance AG announced

Global Entertainment AG has offiicaly notified the management board of Advanced Inflight Alliance AG of its intention to squeeze-out minority shareholders. According to Global Entertainment AG (which currently owns 94,07 %), Advanced Inflight Alliance AG shall be merged and the shares of minority shareholders be transferred to Global Entertainment AG.

ISIN: DE0001262186  WKN: 126218
http://spruchverfahren.blogspot.de/2013/07/advanced-inflight-alliance-ag_31.html

DOUGLAS HOLDING AG: squeeze-out registered

The squeeze-out resolution has been filed with the commercial register (Amtsgericht Hagen) on 25 July 2013. With the registration, the main shareholder, Beauty Holding Two GmbH, has become the sole shareholder of DOUGLAS HOLDING AG, Frankfurt am main. Several minority shareholders have announced to initiate a judicial review of the compensation of EUR 38.00 offered by Beauty Holding Two GmbH.

ISIN DE0006099005 / WKN 609 900
http://shareholders-germany.blogspot.de/2013/05/douglas-holding-ag-increase-of-squeeze.html
http://spruchverfahren.blogspot.de/2013/08/bekanntmachung-uber-die-abfindung-der.html

Gameforge Berlin AG: squeeze-out registered

The squeeze-out resolution has been filed with the commercial register (Amtsgericht Charlottenburg) on 30 July 2013 and published on 31 July 2013. With the registration, the main shareholder, Gameforge AG, has become the sole shareholder of Gameforge Berlin AG (formerly Frogster Interactive Pictures AG). Several minority shareholders have announced to initiate a judicial review of the compensation offered by Gameforge AG.

ISIN DE000A0F47J1 / WKN A0F 47J
http://spruchverfahren.blogspot.de/2012/02/spruchverfahren-beherrschungs-und.html