VAPIANO SE: Termination of exclusivity with Plutos Sama for sale of US business
Cologne, August 16, 2019 - Vapiano SE (ISIN: DE000A0WMNK9, Ticker symbol: VAO) and the purchaser Plutos Sama Holdings Inc., Irvine, California (USA), (Plutos Sama) have agreed to revoke the exclusivity granted to the purchaser by the purchase agreement for the sale of the shares in Vapiano Holding USA LLC. and seven of its subsidiaries in the USA.
Since Plutos Sama has not yet been able to secure the conditions for closing the transaction due to a delay in the realization of the financing, Vapiano is now entitled to examine alternative options to sell the US business and will initiate a structured sales process for this purpose.
However, the parties have agreed to continue discussions in good faith on a possible closing of the transaction.
Contact: Nicole Avenia Phone: +49 221 67001 219 E-Mail: firstname.lastname@example.org
16-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: VAPIANO SE Im Zollhafen 2-4 50678 Cologne
Germany Phone: +49 (0) 221 67001-0 Fax: +49 (0) 221 67001-205 E-mail: email@example.com Internet: www.vapiano.com ISIN: DE000A0WMNK9 WKN: A0WMNK Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 858893 End of Announcement DGAP News Service
858893 16-Aug-2019 CET/CEST