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CPH Chemie + Papier's EGM approves proposed acquisition of Uetikon Industrieholding via merger by absorption by majority of 99.98%

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CPH Chemie + Papier's EGM approves proposed acquisition of Uetikon Industrieholding via merger by absorption by majority of 99.98%

June 04, 2021 - 11:30
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PERLEN, Switzerland, June 4, 2021 (Press Release) -The Extraordinary General Meeting of CPH Chemie + Papier Holding AG approved the proposed acquisition of the company’s main shareholder Uetikon Industrieholding AG via a merger by absorption today by a majority of 99.98%. The shareholders of Uetikon Industrieholding AG had previously approved the proposed merger on 2 June unanimously. Prior to the merger, the descendants of the founding families of the CPH Group held 49.99% of CPH Chemie + Papier Holding AG’s share capital via Uetikon Industrieholding AG. Following the merger, these holdings are now in the form of CPH shares.

The largest single CPH shareholder is now the ‘Swiss Industrial Finance and Ella Schnorf Estate’ shareholder group, which was created through a shareholder agreement between Swiss Industrial Finance AG and the estate of Ella Schnorf-Schmid. The group represents descendants of the family shareholders; and with a total holding of 32.43% of voting shares, it will ensure the sustainable further long-term development of the CPH Group. The merger also raises the free float of CPH shares to 67.57%, which enhances their tradability and their attractiveness to further investor circles.

About CPH

CPH is an internationally active and diversified industrial group which is headquartered in Switzerland. The CPH Group develops, manufactures and distributes chemical products, wood- based paper and pharmaceutical packaging films. The Group and its subsidiaries maintain production facilities in Switzerland, Germany, Bosnia and Herzegovina, the USA, Brazil and China. The shares of its holding company CPH Chemie + Papier Holding AG are listed on the SIX Swiss Exchange.