The Voluntary Takeover Offer from One Equity Partners (OEP) via Sulipo Beteiligungsverwaltungs GmbH (Sulipo) to shareholders of Constantia Packaging AG (CPAG) dated January 20, 2010 has not been executed. The offer was subject to the condition precedent that settlement agreements between Constantia Packaging BV (CPBV) as majority shareholder of CPAG on the one hand and the Immoeast AG and the Fries Group are executed by April 1, 2010. These agreements have not been executed in the given deadline in order to fulfill the condition precedent. Therefore, the Voluntary Takeover Offer to the free float shareholders has become invalid. The tendered shares will therefore shortly be available again to the actual shareholders of CPAG.
The Share Purchase Agreement between Sulipo and CPBV dated October 12, 2009 on the acquisition of 90.79% of the CPAG-Shares by Sulipo remains unaffected. CPAG assumes that the closing of the Share Purchase Agreement can take place after the settlement agreements have been concluded.
The Constantia Packaging Group operates in the "aluminum", "corrugated board" and "flexible packaging" businesses. Approximately 7,800 employees in 19 European, Asian and American countries produce raw aluminum, semi-finished aluminum products as well as packaging solutions from aluminum, plastic and corrugated board packaging for the food, beverages, pharmaceuticals, automotive, aviation and other industries
