Brief: Ackermans & Van Haaren Enters Into Agreement To Acquire 40% Of IQIP Holding

Ackermans & Van Haaren NV

11/08/2023 16:51

Aug 11 (Reuters) - Ackermans & Van Haaren NV  ACKB.BR :
    * TRANSACTION IS SUBJECT TO VARIOUS CLOSING CONDITIONS,
INCLUDING
REGULATORY APPROVALS. IQIP, AVH, HAL AND MERWEOORD WILL WORK
TOGETHER TO OBTAIN ALL NECESSARY MERGER CLEARANCES
    * ENTERED INTO AN AGREEMENT WITH HAL INVESTMENTS B.V.
(‘HAL’) TO
ACQUIRE 40% IN IQIP HOLDING B.V. (‘IQIP’) FOR C. 100 MILLION
EUROS
    * IT IS EXPECTED THAT COMPLETION OF THE TRANSACTION WILL
OCCUR
EARLY 2024
    * MERWEOORD B.V (‘MERWEOORD) WILL ACQUIRE 20% OF IQIP.
MERWEOORD
HAS THE OPTION TO INCREASE ITS SHAREHOLDING TO 33.33% IN THE
COURSE OF 2024
    * WOULD RESULT IN A SHAREHOLDING WITH HAL, AVH AND MERWEOORD
EACH
OWNING 1/3 OF IQIPS SHARES

Source text: https://tinyurl.com/yp8jpm6x
Further company coverage:  ACKB.BR 

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