H+H International A/S ("H+H") has been informed that Solbet Sp. Z o.o ("Solbet") (one of its shareholders and a substantial competitor in Poland) has applied to the Polish competition authority to obtain approval to acquire control of H+H.

The filing was submitted solely by Solbet, and not by H+H. Solbet has informed H+H that it has not made a decision to submit a takeover offer at this point in time and that, while the filing has been made with the intention of acquiring control over H+H, any potential takeover offer would only be made after Solbet obtains greater clarity on the expected timing and outcome of the antitrust clearance process. The process before the Polish competition authority may take a substantial amount of time.