CPH merges with its major shareholder
The Extraordinary General Meeting of CPH Chemie + Papier Holding approved the proposed merger of the company with its main shareholder Uetikon Industrieholding on June 4, 2021.
The Extraordinary General Meeting of CPH Chemie + Papier Holding AG approved the proposed acquisition of the company’s main shareholder Uetikon Industrieholding AG via a merger by absorption today by a majority of 99.98% on June 4, 2021. The shareholders of Uetikon Industrieholding AG had previously approved the proposed merger on 2 June unanimously.
Prior to the merger, the descendants of the founding families of the CPH Group held 49.99% of CPH Chemie + Papier Holding AG’s share capital via Uetikon Industrieholding AG. Following the merger, these holdings are now in the form of CPH shares, thus increasing the free float to 67.57% 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 hold 32.43% 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.