by Attorney-at-law Martin Arendts, M.B.L.-HSG
In the appraisal proceedings regarding the squeeze-out at AUDI AG in favor of Volkswagen resolved in 2020, the Munich Regional Court I (Landgericht München I) raised the cash settlement to EUR 1,754.71 per AUDI share in its decision of June 28, 2024. Compared to the amount offered by Volkswagen of EUR 1,551.53 per share, this results in a subsequent improvement of EUR 203.18 plus interest. This corresponds to an increase of more than 13%.
An appeal against this first instance decision can still be lodged within one month of service. Appeals will be decided by the Bavarian Supreme Court (Bayerisches Oberstes Landesgericht).
Munich Regional Court I, decision of June 28, 2024, file-no. 5 HK O 15162/20Moritz, P. et al. v Volkswagen AG
100 applicants
Joint representative: Attorney-at-law Daniela Bergdolt, Munich
representative of the respondent, Volkswagen AG:
law firm Linklaters, 40212 Düsseldorf
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