Hochdorf Holding’s Elected The New Board Of Directors Proposed By ZMP Invest AG

Homburger has advised 14.5% shareholder ZMP Invest in its successful proxy fight regarding Hochdorf Holding.

On April 12, 2019, after a proxy fight led by 14.5% shareholder ZMP Invest AG, which is the investment arm of the Central Switzerland Milk Producers (ZMP), the shareholders of the Swiss dairy and food processor HOCHDORF Holding AG (SIX: HOCN) elected a new chairman of the board and two new directors proposed by ZMP Invest. The incumbent chairman and another director were not re-elected.

In addition, shareholders rejected the dividend proposed by the board and did not grant discharge to the directors and officers of the company. Thus, all motions of ZMP Invest were approved.

The HOCHDORF Group is one of the market leaders in Switzerland in developing, producing and marketing wholesome foodstuffs and ingredients from milk and cereals. The HOCHDORF Group is active in the areas of dairy ingredients, baby care, and cereals & ingredients and has a staff of around 630 employees.

Homburger advised ZMP Invest on the transaction with a team led by Daniel Häusermann, with Dieter Gericke (picture) as the responsible partner (both Corporate | M&A), and further comprised partner Roman Baechler (Litigation | Arbitration), associate Richard Stäuber (Regulatory | Competition) and junior associate Isabel Guth (Corporate | M&A).

Involved fees earner: Roman Baechler – Homburger; Dieter Gericke – Homburger; Isabel Guth – Homburger; Daniel Häusermann – Homburger; Richard Stäuber – Homburger;

Law Firms: Homburger;

Clients: ZMP Invest AG;