Oetker Group to be split

26-Jul-2021 - Germany

The owners of Dr. August Oetker KG have decided to split the Oetker Group into two independent groups.

Dr. August Oetker KG and, inter alia, the Dr. August Oetker Nahrungsmittel KG, Conditorei Coppenrath & Wiese KG, the Radeberger Gruppe KG with its beverage retail and whole sale businesses and its platform and delivery services, such as flaschenpost SE, further Oetker Digital GmbH, OEDIV Oetker Daten- und Informationsverarbeitung KG, Brenner‘s Park Hotel GmbH in Baden-Baden, and Hôtel du Cap-Eden-Roc S.A.S. in Antibes as well as smaller companies like Roland Transport KG or Handelsgesellschaft Sparrenberg mbH remain in the ownership of RichardOetker, Rudolf Louis Schweizer, Philip Oetker, Markus von Luttitz, and Ludwig Graf Douglas.

Among other things, Dr. Alfred Oetker, Carl Ferdinand Oetker, and Julia Johanna Oetker are to take over ownership of the Henkell &Co. Sektkellerei KG, Martin Braun Backmittel und Essenzen KG, Chemische Fabrik Budenheim KG, Atlantic Forfaitierungs AG, BELVINI.DE GmbH, Columbus Properties, Inc., as well as Oetker Hotel Management Company GmbH and the Hôtel Le Bristol S.A.S. in Paris and Château du Domaine St. Martin S.A.S.in Vence,and Kunstsammlung Rudolf August Oetker GmbH via their new holding company Geschwister Oetker Beteiligungen KG.

With this decision, the ownerstake their different ideas about the management and strategy of the Oetker Group into account. A corresponding business separation agreement was signedby all owners.

The owners and the Advisory Board are convinced that these measures allow the companies that are already managed in adecentralized and independent manner a clear perspective for profitable growth in their respective markets. The decision has no impact on the employees in the individual companies of the Oetker Group. The business separation agreement is expected to be executed still in this year.

We will provide information on the completion of the process in due course.

https://www.yumda.com/en/news/1172068/oetker-group-to-be-split.html