February 8, 2011

Vion acquires Moksel remaining shares

Vion continues the acquisition of the approximately 5% remainder of the German meat processor A. Moksel AG shares by way of a statutory squeeze-out process.

Vion focuses on streamlining its corporate structure to manage its activities efficiently. This process will be carried out in accordance with the regulations of the German Act on Public Companies.

Vion will work closely with the A. Moksel management and supervisory board to support them in this process. It is currently anticipated to resolve on the squeeze-out in the next annual shareholders' meeting.

Vion assumes that completion of the overall process could take up to one year. The acquisition of the remaining shares will eventually lead to a de-listing of A. Moksel AG. The process will not have any direct implications for the activities of A. Moksel AG or its employees.