Hengeler Mueller advises SKion on successful ALTANA Squeeze-out

27. August 2010

SKion GmbH, an investment company of Susanne Klatten, has completed the squeeze-out of the minority shareholders of ALTANA AG. SKion GmbH thus holds 100% of the shares in ALTANA AG. Based upon the cash compensation of the squeeze-out, ALTANA AG is valued at approximately EUR 2 bn.

Hengeler Mueller advised SKion GmbH on the squeeze-out. The Hengeler Mueller team included partners Torsten Busch and Joachim Rosengarten (both Corporate/M&A) as well as associate Nikolaus Hofstetter (all Frankfurt).

Hengeler Mueller had previously advised SKion GmbH on the tender offers in 2008 and 2009 and on a share purchase in 2010.