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Allen & Overy advises Citigroup in connection with capital increase by Shop Apotheke Europe N.V

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Dr Knut Sauer

Partner

Frankfurt am Main

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10 November 2017

Allen & Overy LLP has advised Citigroup Global Markets Limited as listing agent in connection with the capital increase by Shop Apotheke Europe B.V. to finance the acquisition of EHS Europe Health Services B.V. (Europa Apotheek Group) by Shop Apotheke Europe N.V.

The capital increase involved 2,950,578 new common bearer shares with a nominal value of EUR 0.02 each being issued by Shop Apotheke Europe N.V.  The new shares were issued directly to the shareholders of EHS Europe Health Services B.V. in return for contributing all shares to Shop Apotheke's share capital.  The new shares are, like the existing Shop Apotheke shares, to be listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.  The shares are to be included in the listing from today, 10 November 2017.  By acquiring the Europa Apotheek Group, Shop Apotheke aims to strengthen its position on the market for prescription drugs.

Shop Apotheke Europe N.V., which has its registered office in Venlo, Netherlands, is one of the leading online pharmacies in continental Europe focussing on non-prescription (OTC) and pharmacy-related beauty and personal care (BPC) products.  The company runs online pharmacies in the German, Austrian, French, Belgian, Italian, Spanish and Dutch markets.

The Allen & Overy team was led by partner Dr. Knut Sauer (Equity Capital Markets, Frankfurt) and included associate Rita Nicole Thomas and transaction lawyer Victoria Schöll (both Equity Capital Markets, Frankfurt).  Partner Tim Stevens and associate Maurice Dudink (both Equity Capital Markets, Amsterdam) advised on Dutch law issues.