Sullivan & Cromwell LLP

09/23/2025 | Press release | Distributed by Public on 09/23/2025 17:36

S&C Advising Zalando on Cash Merger Squeeze-Out of ABOUT YOU

Longstanding S&C client Zalando, a leading European online fashion and lifestyle platform, successfully completed its voluntary public takeover offer for ABOUT YOU earlier this year and is now pursuing a cash merger squeeze-out transaction in order to acquire full ownership of the Hamburg-based e-commerce group. Zalando, through a wholly owned subsidiary, currently holds more than 90% of ABOUT YOU's share capital. On September 22, 2025, ABOUT YOU's extraordinary general meeting resolved on the transfer of all remaining minority shares to a Zalando subsidiary against adequate cash compensation in connection with an upstream merger of ABOUT YOU's listed holding company (known as merger squeeze-out).

S&C advised Zalando on the public takeover and is now advising on all aspects of the merger squeeze-out as the next integration step of Zalando's taking private acquisition and business combination with ABOUT YOU. The Frankfurt-based corporate and M&A team is led by Carsten Berrar and Peter Klormann and includes Manon Grimm, Lea Detambel and Shajan Kreuter.

Sullivan & Cromwell LLP published this content on September 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 23, 2025 at 23:36 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]