EANS-Adhoc: Jungfraubahn Holding AG
Takeover of Lauberhorn chairlift
to take place
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
20.01.2011
Jungfraubahn Holding AG is to take over the Sesselbahn Lauberhorn AG. In December 2010, Jungfraubahn Holding submitted an offer to the Lauberhorn chairlift shareholders to sell their shares to Jungfraubahn Holding or exchange them for Jungfraubahn Holding shares. Per Lauberhorn chairlift share either CHF 4600 will be paid out or 92 Jungfraubahn Holding shares credited.
By 19 January 2011, over 92 per cent of the shareholders had accepted the offer and given a binding commitment. The condition of Jungfraubahn Holding to be able to acquire at least 90 per cent of the capital has been fulfilled and thus nothing stands in the way of a takeover. The transaction is expected to be concluded in February 2011. The Lauberhorn chairlift will subsequently be merged with Wengernalpbahn AG, a subsidiary of Jungfraubahn Holding.
end of announcement euro adhoc
Further inquiry note:
Urs Kessler, CEO Jungfrau Railways
+4179 407 90 52
Branche: Railway
ISIN: CH0017875789
WKN: 001787578
Index: SPI
Börsen: BX Berne eXchange / regulated dealing
SIX Swiss Exchange / Domestic Standard