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DGAP-Adhoc: VAPIANO SE: Consent of the creditors' committee to an irrevocable offer to acquire Vapiano's subsidiaries in France and Luxembourg

eqs_en 
0 0 19.05.20
DGAP-Adhoc: VAPIANO SE: Consent of the creditors' committee to an irrevocable offer to acquire Vapiano's subsidiaries in France and Luxembourg
 

DGAP-Ad-hoc: VAPIANO SE / Key word(s): Miscellaneous
VAPIANO SE: Consent of the creditors' committee to an irrevocable offer to acquire Vapiano's subsidiaries in France and Luxembourg

19-May-2020 / 19:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Vapiano SE: Consent of the creditors' committee to an irrevocable offer to acquire Vapiano's subsidiaries in France and Luxembourg

Cologne, May 19, 2020 - The creditors' committee of Vapiano SE, which was formed in the course of the preliminary insolvency proceedings, has today given its approval to an irrevocable offer for the acquisition of the Vapiano subsidiaries in France and Luxembourg as part of the ongoing sales process.
The irrevocable offer was made by a consortium of bidders around the former CEO International Franchising, Mr. Mario C. Bauer, and intends the acquisition of 75% shares in Lavenir S.A. from Vapiano SE as well as further receivables and assets related the French and Luxemburg business of the Vapiano group for a total purchase price of EUR 22 million.
Vapiano SE is expected to execute the transaction in June 2020. At the same time, the consortium of bidders will enter into a long-term franchise agreement with Vapiano Franchising International GmbH which will form the basis for a joint market presence in the future.
The transaction still needs the acknowledgment of the bank consortium. A part of the proceeds after the satisfaction of senior secured creditors will be allocated to Vapiano SE and its relevant subsidiaries.
The sales process for the remaining worldwide business of the Vapiano corporate and joint venture participations is expected to be completed by the end of May 2020.

Lutz Scharpe, CFO Vapiano SE

19-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: VAPIANO SE
Im Zollhafen 2-4
50678 Cologne
Germany
Phone: +49 (0) 221 67001-0
Fax: +49 (0) 221 67001-205
E-mail: [email protected]
Internet: www.vapiano.com
ISIN: DE000A0WMNK9
WKN: A0WMNK
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1051241

 
End of Announcement DGAP News Service

1051241  19-May-2020 CET/CEST

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Vapiano SE Stock

€0.028
-6.670%
Heavy losses for Vapiano SE today as the stock fell by -€0.003 (-6.670%).

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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