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Upstream Merger Advice to Funkwerk AG

  • Germany

    23-05-2012

    On 07 May 2012, the management board and the supervisory board of Funkwerk AG decided to carry out the merger of Hörmann-Funkwerk Kölleda GmbH (FWK) based in Kölleda into Funkwerk AG. Funkwerk AG, which holds all shares in FWK, will submit the merger agreement to its shareholders for approval at the Annual General Meeting on 22 June 2012.

    Heisse Kursawe Eversheds provided comprehensive advice with respect to stock corporation and transformation law matters to Funkwerk AG in the context of this upstream merger. Dr. Oliver Maaß headed the team, Julie Ann Schreier was a further team member (both corporate).

    The merger is an important step towards the implementation of Funkwerk's repositioning, aimed at improving the group's competitiveness and profitability. Hörmann-Funkwerk Kölleda GmbH, which reported an equity capital of EUR 23.6 million as per 31 December 2011 pursuant to IFRS, has approximately 225 employees.

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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