Utopia S.A. – A test for squeeze-out procedures in Luxembourg

Following the announcement made by three shareholders representing 99.24% of the share capital of the listed company Utopia S.A. (the “Majority Shareholders”) to exercise their right of squeeze-out of the remaining shares held by the minority shareholders (the “Minority Shareholders”), judicial proceedings have arisen as the Minority Shareholders sought to block the squeeze-out procedure. Read more