Bell Food Group acquires majority stake in Huegli Holding AG

摘要

Swiss company Bell Food Croup, one of the leading meat processors and makers of convenience products in Europe, has acquired Dr. A. Stoffel Holding AC, the majority shareholder in internationally active food group Hugli. Stoffel Holding has a stake representing 50.2% and 65.0% of the voting shares in Hugli Holding AC, which is based in Steinach (SO. Bell Food Croup is simultaneously making a public tender offer for the remaining publicly traded shares of Hugli Holding AC at a price of CHF 915 per share, which relative to the nominal value is the same price as applies to the majority stake bought from Stoffel Holding. The price corresponds to a takeover premium of 14.4% over the volume-weighted average price for the last 60 trading days prior to the announcement of the tender offer. The Board of Directors of Hugli Holding AC unanimously supports the offer and recommends that shareholders accept it.