CPH merges with its major shareholder
The Extraordinary General Meeting of CPH Chemie + Papier Holding will vote on a merger with its main shareholder Uetikon Industrieholding on June 4, 2021.
The descendants of the founding families of the CPH Group hold 49.99% of the shares of CPH Chemie + Papier Holding AG via Uetikon Industrieholding AG. The shareholders of CPH Chemie + Papier Holding will vote on the merger with Uetikon Industrieholding at the Extraordinary General Meeting on June 4, 2021. Following the merger, the shareholders of Uetikon Industrieholding will have a direct stake in CPH Chemie + Papier Holding, thus increasing the free float and improving the attractiveness of CPH shares.
The shareholders of Uetikon Industrieholding will swap their shares for a commensurate number of shares in CPH Chemie + Papier Holding. After the merger, the CPH Group will continue to be characterized by the descendants of the founding families as strong anchor shareholders. The two largest family shareholders, Swiss Industrial Finance AG and the estate of Ella Schorf-Schmid, have joined forces with a shareholders' agreement to ensure sustainable and constant further development for the CPH Group. Together they will hold just under one third of the shares of CPH Chemie + Papier Holding.
More information on the merger can be found in the details of the Extraordinary General Meeting 2021.