VAPIANO SE / Key word(s): Disposal
Vapiano SE: Commencement of sales process on Vapiano group business; advanced separate sales process for Vapiano subgroup France
Cologne, April 30, 2020 - The Management Board of Vapiano SE (ISIN: DE000A0WMNK9, "Vapiano" or "Company"), together with the preliminary insolvency administrator has decided today to commence a formal sales process which may extend to the worldwide Vapiano group business, restaurant clusters or assets of the Vapiano group. It is envisaged to carry out the sales process with interested investors likely until the end of May 2020. The franchise restaurants (especially in Germany) are not included in the sales process.
Furthermore, the Company is performing a separate sales process regarding the Vapiano subgroup France operating Vapiano restaurants France and Luxembourg. This sales process and negotiations with potential investors are already in an advanced stage and the signing of transaction documents is likely to take place by the end of May 2020. The Vapiano subgroup France is not in the process of insolvency proceedings.
|Im Zollhafen 2-4|
|Phone:||+49 (0) 221 67001-0|
|Fax:||+49 (0) 221 67001-205|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1033941|
|End of Announcement||DGAP News Service|