Brief: Elemental Alu Cancels Tender For Shares In Alumetal

Alumetal SA

16/06/2023 07:30

June 16 (Reuters) - 
  
    * ON THURSDAY ELEMENTAL ALU HAS CANCELLED TENDER FOR SHARES
IN
ALUMETAL AFTER HYDRO ALUMINIUM INFORMED ON ACQUISITION OF 10.7
MLN SHARES IN TARGETED COMPANY, REPRESENTING ABOUT 68.21% STAKE-
OFFER DOCUMENT
    * THE TENDER HAS BEEN CANCELLED DUE TO IMPOSSIBILITY TO
FULFIL THE
TENDER'S CONDITION - OFFER DOCUMENT
    * UNDER SAID CONDITION SHAREHOLDERS OF THE TARGETED COMPANY
WERE
TO OFFER AT LEAST 7.0 MLN SHARES, REPRESENTING AT LEAST 45%
STAKE - OFFER DOCUMENT


        
 Source text: https://tinyurl.com/yne4vvhr
 Further company coverage:  AMT.WA  NHY.OL 

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