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Thursday, 09 July 2020
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Markets & companies

Skion wants to buy the remaining shares of Altana

Friday, 23 October 2009

Skion is currently holding approximately 91.7% of the shares in Altana and offers to buy the remaining shares for EUR 14 per share.

Skion GmbH has decided to make a new, improved offer for the acquisition of shares in Altana AG. The company offers to acquire the shares for a purchase price of EUR 14 per share in an acceptance period that is expected to last from mid-November to mid-December 2009. The company is currently holding approximately 91.7% of the shares in the chemical company. Susanne Klatten is the sole shareholder of Skion, and she is also acting as Vice Chairwoman in the Supervisory Board of Altana. The Management Board and the Supervisory Board of the chemical company will thoroughly examine, and comment on the acquisition offer upon publication of the offer document.

The acceptance period is expected to last from mid-November to mid-December 2009. Source: Altana AG

The acceptance period is expected to last from mid-November to mid-December 2009. Source: Altana AG

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