Noerr advises principal shareholder ANDRITZ in shareholder squeeze-out at Schuler AG

Noerr has advised the international technology group ANDRITZ on a squeeze-out in accordance with German stock corporation law at Schuler AG. The ordinary general meeting of Schuler AG voted in favour of the squeeze-out on 24 September 2020.

In the light of the continuing coronavirus pandemic, the general meeting was held as a virtual general meeting which was broadcast live on the internet without the shareholders or their representatives being physically present. Noerr advised the ANDRITZ Group, which is listed on the stock exchange in Austria, back in 2012 during the public takeover of then listed company Schuler AG. ANDRITZ intends to use the squeeze-out to simplify the group’s structures.

Noerr provided principal shareholder ANDRITZ with wide-ranging advice on the squeeze-out and carrying out the virtual general meeting.

Advisors to ANDRITZ AG: Noerr LLP

Michael Brellochs (lead), Ralph Schilha (both Capital Markets, Munich), Alexander Hirsch, Maurice Séché (both Corporate/M&A, Dusseldorf), Philipp Göz (Capital Markets, Munich), Patrick Mückl (Employment & Pensions, Dusseldorf), Nikolai Warneke (Finance, Frankfurt)

Associates: Philipp Buchs (Corporate/M&A, Dusseldorf), Timm Gaßner (Capital Markets, Munich)

In-house ANDRITZ AG: Alexander Krause