04/15/2020

Andritz intends squeeze-out for remaining shares of Schuler AG

Andritz AG has informed both the Schuler Management Board and the public about its decision to initiate a legal squeeze-out process for all remaining shares in Schuler not owned by Andritz yet. lease refer to the following link to view the Andritz regulatory announcement:

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Andritz intends squeeze-out for remaining shares of Schuler AG

https://www.andritz.com/newsroom-en/insider-information/2020-04-14-squeeze-out-group
 
 Schuler CEO Domenico Iacovelli explained: "The announced squeeze-out process is a decision solely taken by Andritz. For us at Schuler it is a strong showing of trust. Andritz firmly stands at our side as we are fighting the economic fallout of the Corona crisis. The rights of our minority shareholders in this process are fully protected by law, including their claim for an appropriate cash compensation".