Upcoming Appraisal Procedures

by Attorney Martin Arendts, M.B.L.-HSG, ARENDTS ANWÄLTE

The law firm ARENDTS ANWÄLTE represents and advises minority shareholders, in particular, in the following upcoming stock corporation law proceedings and structural measures:

• All for One Group SE: public tender offer by the VINCI Group

• AUSTRIACARD HOLDINGS AG (Austria): squeeze-out in favor of DAI NIPPON PRINTING CO., LTD.

• Berentzen-Gruppe Aktiengesellschaft: tender offer by SAZERAC COMPANY, INC.

• Biogena Group Invest AG (Austria): Merger with Biogena Good Vibes AG

• capsensixx AG: Squeeze-out under merger law in favor of PEH Wertpapier AG for EUR 20.23 per share; merger and squeeze-out resolution registered on July 31, 2026 (deadline November 2, 2026)

• CECONOMY AG: Delisting planned; the European Commission intends to review the acquisition by JD.com (subsidies from third countries?)

• centrotherm international AG: Squeeze-out under merger law in favor of Centrotherm AcquiCo AG at EUR 8.74 per share; annual general meeting on June 30, 2026; registration delayed by an action to set aside the resolution

• Covestro AG: Successful takeover bid by XRG (formerly: Adnoc) at EUR 62 per Covestro share, squeeze-out under stock corporation law at EUR 59.46, Annual General Meeting on May 19, 2026, registration delayed by several actions to set aside the resolution

• Delivery Hero SE: Business Combination Agreement concluded with Uber, voluntary public tender offer

• Evonik Industries AG: Possible voluntary public tender offer by BASF SE

• Hamburger Hafen und Logistik AG (HHLA): Successful tender offer by Port of Hamburg Beteiligungsgesellschaft SE, a subsidiary of MSC Mediterranean Shipping Company S.A.; squeeze-out at EUR 21.16 per share; annual shareholders’ meeting on June 11, 2026; registration delayed due to actions to set aside the transaction

• Fernheizwerk Neukölln AG: Delisting tender offer announced

• HORNBACH Baumarkt AG: HORNBACH Holding AG & Co. KGaA has increased its stake to 95.3%; will a squeeze-out follow?

• HUGO BOSS AG: Takeover offer by Frasers Group; offer document published; Management Board and Supervisory Board recommend not accepting Frasers Group’s voluntary takeover offer

• InnoTec TSS AG: Mandatory public offer by GLI Beteiligungsgesellschaft mbH and Grondbach GmbH

• Klöckner & Co SE: Successful takeover offer; Worthington Steel has entered into a control and profit transfer agreement; approval to be sought at the extraordinary general meeting on October 23, 2026; delisting: review of the consideration only for accepting shareholders

• Kontron AG (Austria): Acquisition of control and takeover offer by Ennoconn Corporation

• LS INVEST AG (formerly: IFA Hotel & Touristik AG): Squeeze-out request by the majority shareholder Lopesan Touristik, S.A.U.

• Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: Delisting agreement with Bayerische Gewerbebau AG, mandatory offer and delisting tender offer, judicial review proceedings only for accepting shareholders

• Nagarro SE: Merger agreement with Persistent Systems, public tender offer announced, delisting planned

• niiio finance group AG: Squeeze-out in favor of Neptune BidCo AG for EUR 0.69 per niiio share, annual general meeting on July 30, 2026, entry in the commercial register on August 12, 2026

• Northern Data AG: Squeeze-out in favor of Rumble Deutschland AG announced

• NÜRNBERGER Beteiligungs-AG: Squeeze-out in favor of VIENNA INSURANCE GROUP AG (Wiener Versicherung Gruppe)

• PSI Software SE: Takeover offer by Warburg Pincus; delisting tender offer announced

• RHÖN-KLINIKUM AG: Squeeze-out in favor of Asklepios Kliniken GmbH & Co. KGaA

• Staatl. Mineralbrunnen Aktiengesellschaft Bad Brückenau: Squeeze-out in favor of VFHV GmbH; Annual General Meeting on August 20, 2026

• Tele Columbus AG: Squeeze-out in favor of Kublai GmbH; valuation work reportedly on hold

• Vectron Systems AG: Squeeze-out announced

• VIB Vermögen AG: Control and Profit Transfer Agreement between DIC Real Estate Investments GmbH & Co. Kommanditgesellschaft auf Aktien as the controlling entity and VIB as the controlled entity; registration initially delayed by an action to set aside, now registered on August 27, 2026

(Information provided without guarantee)

Further information: kanzlei@anlageanwalt.de