08 September 2017

Squeeze-out of minority shareholders of the former DAB Bank AG: Court of appeal will review the compensation

In the judicial review proceedings on the merger-law squeeze-out at the former DAB Bank AG, the district court of Munich I (Landgericht München I) increased the cash compensation by EUR 1.81 to EUR 6.59 per DAB Bank AG share (+ 37.87 %), see https://spruchverfahren.blogspot.de/2017/07/squeeze-out-bei-der-dab-bank-ag_19.html.

BNP Paribas S.A. lodged a complaint against this decision on 24 August 2017. The district court ordered the appellant to substantiate the appeal by 9 October 2017.

Payment of the enhancement amount will not be made until after the final verdict. Until then, the enhancement will bear interest of 5 percentage points above the base interest rate.

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