• lm-admin

Author: lm-admin

Decision of the Swiss Takeover Board regarding confirmation that the acquisition of a minority participation in Freesailors by investors and the entering into of a members’ agreement among the members of Freesailors does not trigger the obligation of the parties involved to launch a mandatory takeover offer pursuant to Art. 135 FMIA

Amsterdam / Chiasso, 23 April 2021 – lm holding, a European leader in the online travel and leisure industry, today communicates the issuance of a decision of the Swiss Takeover Board in connection with the contemplated acquisition of the stake of Fedro S.A. in Freesailors Coöperatief U.A. (“Freesailors”) by Sterling Strategic Value Fund (“Sterling”), a pool of private investors primarily from Switzerland and a number of lm group top managers as previously announced by lm holding on 1 April 2021.

New investors – including management – join Freesailors, the investment vehicle controlling lastminute.com N.V.

Amsterdam / Chiasso, 01 April 2021 – lm holding, a European leader in the online travel and leisure industry, today communicates the signing of an agreement for the acquisition of the stake of Fedro SA (“Fedro”) in Freesailors by Sterling Active Fund (“Sterling”), a pool of private investors primarily from Switzerland and a number of lm group top managers (“New Investors”).

Marco Corradino communicates intention to not stand for re-election as lm Group CEO at the next Annual General Meeting to be held on 22nd June 2021. Andrea Bertoli, Managing Director of the OTA business, appointed deputy CEO.

Amsterdam / Chiasso, 16 February 2021 – lm holding, a European leader in the online travel and leisure industry, today communicates the intention of Marco Corradino to not stand for re-election as lastminute.com N.V. Executive Board Member for the next 2021 mandate.

lm holding closes 2020 with a solid cash position and sells the loss-making business of Destination Italia. A pool of investors expressed an interest for a minority stake in Freesailor, the investment vehicle controlling lastminute.com N.V.

Amsterdam / Chiasso, 9 February 2021 – lm holding, a European leader in the online travel and leisure industry, today releases the preliminary, unaudited full-year results 2020, communicates the sale of Destination Italia and the intention to adopt a new Incentive Plan for key employees and Executive Directors.


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