SKion Makes Request for Remaining ALTANA Shares
As of Feb. 2, 2010, SKion GmbH held 129,342,421 shares, or 95.04 percent, of ALTANA and is requesting that ALTANA AG convene a shareholders meeting intended to facilitate SKion’s purchase of the remaining five percent of the company.
WESEL, Germany - As of Feb. 2, 2010, SKion GmbH held 129,342,421 shares, or 95.04 percent, of ALTANA and is requesting that ALTANA AG convene a shareholders meeting intended to facilitate SKion’s purchase of the remaining five percent of the company. The request pertains to § 327a Section 1 of the German Stock Corporation Act (AktG), which provides a mandatory legal framework for takeovers. In compliance with the act, the shareholders meeting will include a resolution on the transfer to SKion GmbH of shares held by the remaining shareholders in return for appropriate cash compensation.
On Nov. 9, 2009, SKion made a revised improved voluntary public offer to the shareholders of ALTANA AG to acquire their shares in ALTANA AG at a purchase price of EUR 14,- per share, which was valid until the expiration of the acceptance period on Dec. 14, 2009. On the basis of this voluntary offer and by means of further acquisitions of shares, SKion GmbH has been able to continuously increase its shareholding in ALTANA AG to the current percentage of ownership.
Susanne Klatten is the sole shareholder of SKion GmbH. She is also acting as Vice Chairwoman of the Supervisory Board of ALTANA AG.
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