Gleiss Lutz advises HypoVereinsbank on squeeze-out

The general meeting of HypoVereinsbank (HVB) resolved on June 26/27, 2007 to transfer the shares of the minority shareholders to HVB’s principal shareholder, the Italian UniCredito Italiano S.p.A. (squeeze-out). The minority shareholders will receive a cash payment of EUR 38.26 per share. Once the resolution has been entered into the Commercial Register, UniCredito will be the sole shareholder of HVB.

A Gleiss Lutz team consisting of Dr. Gerhard Wirth (lead partner), Dr. Michael Arnold (lead partner), Dr. Felix Born (all corporate/M&A) has been advising HypoVereinsbank on the squeeze-out and had earlier also advised it on the preparations for and how to conduct the general meeting.

Gleiss Lutz already advised HVB on its new organisational structure last year, including the transfer of its 77.53% stake in Bank Austria Creditanstalt AG (Bank Austria) to UniCredito and the reorganisation of the HVB holdings in Central and Eastern Europe. Gleiss Lutz also advised HVB on the extraordinary general meeting held on October 25, 2006.