03 June 2020

Merger squeeze-out at innogy SE entered into the commercial register

by Attorney-at-law Martin Arendts, M.B.L.-HSG

The extraordinary general meeting of the energy company innogy SE on 4 March 2020, had approved the merger squeeze-out demanded by the main shareholder Eon, see: https://spruchverfahren.blogspot.com/2020/03/auerordentliche-hauptversammlung-der.html.

The squeeze-out resolution, as well as the merger with E.ON Verwaltungs SE (which was re-named innogy SE at the same time) have now been entered in the commercial register on 2 June 2020, so that the exclusion of minority shareholders has become effective.

The entry of the squeeze-out resolution in the commercial register was delayed by actions for rescission: https://spruchverfahren.blogspot.com/2020/06/innogy-se-anfechtungsklagen-gegen-den.html

The compensation payment for the squeeze-out, offered by Eon for the squeeze-out in the amount of EUR 42.82 per innogy share, will be subject to an appraisal procedure.

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