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Court Rulings Favor Stada’s Former Shareholders in €74.40 Compensation Fight

Eight years after Stada’s takeover, courts side with shareholders demanding €74.40 per share. But Bain’s exit leaves legal battles—and millions—still hanging.

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In the picture there are three people who are promoting the mobile of LG company, in the background there is a logo of LG and some video of the mobile phone.

Court Rulings Favor Stada’s Former Shareholders in €74.40 Compensation Fight

A long-running legal dispute over Stada’s 2017 takeover has seen fresh rulings in favor of former shareholders. The Higher Regional Court of Frankfurt (OLG) dismissed an appeal by Nidda Healthcare, while Bain Capital and Cinven have now fully exited their investment in the pharmaceutical company. Their departure follows eight years of ownership, with CapVest Partners taking control as the new majority stakeholder.

The dispute centers on compensation for shareholders who accepted the 2017 takeover bid. Bain and Cinven, alongside Luxembourg-based partners, originally offered €66.25 per share. However, former investors argue they are owed the guaranteed minimum of €74.40 per share.

One shareholder is pursuing nearly €140,000 plus interest from August 2017. A separate claim by a Luxembourg asset manager seeks around €4.7 million—the difference between the offer price and the minimum compensation. The OLG rejected Nidda Healthcare’s appeal, stating that awareness of press reports did not trigger the statute of limitations. Forty-four similar cases remain pending before the OLG. Both the Federal Court of Justice (BGH) and the OLG have previously ruled in favor of former shareholders, upholding their claims. The latest decisions are not yet final, leaving room for further appeals on legal grounds. Meanwhile, Bain and Cinven have sold their combined 31% stake in Stada. CapVest Partners now holds 68%, with management retaining 1%. The shift marks the end of an eight-year period under Bain and Cinven’s ownership.

The rulings reinforce the position of former shareholders seeking higher compensation. With appeals still possible, the legal process may continue. At the same time, Stada’s ownership has changed hands, as CapVest Partners takes over as the dominant shareholder.

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