The Annual General Meeting of BBI Bürgerliches Brauhaus Immobilien AG has resolved the squeeze-out and thus the transfer of the shares of the minority shareholders to the majority shareholder, VIB Vermögen AG. The cash compensation amounts to EUR 14.96 per share.
The Annual General Meeting, which was held virtually on August 18, approved all resolutions proposed by the Supervisory Board and the Management Board. Among other things, the Annual General Meeting approved the squeeze-out under stock corporation law. This also resolved the transfer of the BBI shares held by the minority shareholders of BBI to VIB Vermögen AG (“VIB”). VIB is the main shareholder of BBI, holding around 95% of the company's share capital. The minority shareholders will receive a cash settlement of EUR 14.96 per BBI share. Following the transfer of the minority shareholders' shares to VIB, stock exchange trading in BBI shares will be discontinued.
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