Homburger 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.
Homburger advised ZMP Invest in this matter. The Homburger team was headed by Daniel Häusermann, with Dieter Gericke as the responsible partner (both Corporate / M&A), and further comprised partner Roman Baechler (Litigation / Arbitration), associate Richard Stäuber (Competition) and junior associate Isabel Guth (Corporate / M&A).