Zalando SE has announced that the European Commission has granted the refusion control approval for the voluntary public takeover offer to the shareholders of the ABOUT YOU Holding SE and other share contracts and thus all enforcement conditions for the transaction are met. The transaction is planned for July 11, 2025.
The shareholders who accepted the offer will receive the offer price of 6.50 euros per share submitted if the transaction is completed. With an acceptance rate of 20.56 % and taking into account further in connection with the takeover offer of closed share access and purchases on the open market, Zalando has secured more than 90 % of the share capital of ABOUT YOU (without taking into account your own shares).
Zalando explains that the next step is to carry out a squeeze-out of the remaining minority shareholders of ABOUT YOU and to acquire the remaining stocks against adequate cash compensation. The Squeeze-Out is said to take place on a 100 percent subsidiary of Zalando as part of a fusion of About You.
In December 2024, Zalando announced that I would like to take over the 100 % of the shares as possible. Both brands should continue to be managed separately. In the B2B area, the ABOUT YOU software Scayle is to complement the Zalando-E-Commerce-Ecosystem ZEOS in order to help brands and retailers together to handle their multichannel e-commerce business across Europe via a uniform platform with logistics, software and service functions. Zalando also announced that it was hoping for a groupbit of EUR 100 million from synergies, equally from B2B and B2C.
