[ad_1]
Efanor, the holding company of the Azevedo family, increased its stake in Sonae Capital to 92.3% and in Sonae Indústria to 86.2%, according to the results of the takeover bids, Euronext Lisbon reported on Wednesday.
In both cases, Efanor informed Euronext that it intends to proceed with the potestative acquisition of the shares that were not acquired in the takeover bid and that, if the conditions are not met, it “intends to favor the loss of quality of a public company”.
“If none of these situations occur, the shares will be excluded from trading on the regulated market,” Euronext said. In a separate statement, Euronext reported that, following the results of the takeover bid, Sonae Capital will be excluded from the PSI 20 index as of 30 October.
The Azevedo family holding company on July 31 offered 1.14 euros per share in the case of Sonae Indústria and 0.70 euros per share in the offer on Sonae Capital. In the case of Sonae Capital, the consideration was increased, on 21 October, by 10% to 0.77 euros per share.
In both offers, the successful outcome of the two transactions was conditional on the acquisition of 90% of the share capital and over 90% of the voting rights.
In the case of Sonae Capital, Efanor acquired a total of 62.34 million shares to increase the holding from 67.357% to 92.3%, but Euronext reported that “the shares required to reach 90% of the rights were not acquired of votes covered by the Offer. ”The holding company purchased 5.47 million shares to increase the stake from 74.17% to 86.223%.
Efanor is held in equal shares of 25.1% by the three children of Belmiro Azevedo, (Claúdia, Paulo and Nuno Duarte) with the remaining 20% split equally between the entrepreneur’s widow, Maria Margarida de Azevedo and the Belmiro Azevedo Foundation.
The holding holds a 52.90% stake in the Sonae Group.
[ad_2]
Source link
