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VAPIANO SE VAPIANO SE: Commencement of sales process on Vapiano group business; advanced separate sales process for Vapiano subgroup France

Directive transparence : information réglementée

30/04/2020 15:05

DGAP-Ad-hoc: VAPIANO SE / Key word(s): Disposal
VAPIANO SE: Commencement of sales process on Vapiano group business; advanced separate sales process for Vapiano subgroup France

30-Apr-2020 / 15:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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.

Lutz Scharpe, CFO Vapiano SE


30-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: 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: info@vapiano.eu
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: 1033941

 
End of Announcement DGAP News Service

1033941  30-Apr-2020 CET/CEST

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