Brief: SAPA Placencia Holding Announces Beginning Of Accelerated Book Building Process Of About 4.45% Of Indra Share Capital, And Share Purchase Agreement With Alba

Corporacion Financiera Alba SA

14/12/2021 18:04

Dec 14 (Reuters) - SAPA Placencia Holding:
    * ANNOUNCES SHARE PURCHASE AGREEMENT ON 5% OF THE SHARE
CAPITAL OF
INDRA BETWEEN SAPA PLACENCIA HOLDING AND CORPORACION FINANCIERA
ALBA 
    * ALSO, IT IS ANNOUNCED BEGINNING OF ACCELERATED BOOK
BUILDING
PROCESS OF ABOUT 4.45% OF SHARE CAPITAL OF INDRA BY DEUTSCHE
BANK 
    * TO ACQUIRE 8.8 MILLION SHARES OF INDRA AT PRICE OF 10.28
EUROS
PER SHARE FOR TOTAL PRICE OF 90.8 MILLION EUROS
    * SAYS ENTERED INTO DERIVATIVES AGREEMENT OVER SHARES WITH
DEUTSCHE BANK AG FOR PURPOSE OF FINANCING ACQUISITION OF THE
SHARES  
    * SAYS BOOKBUILDING PROCESS AIMED AT INSTITUTIONAL INVESTORS
WILL
COMMENCE ON 14 DECEMBER 2021
    * SETTLEMENT OF TRANSACTION IS EXPECTED FOR DEC. 15, ONCE
FUNDS
UNDER FINANCING HAVE BEEN MADE AVAILABLE TO SAPA 

Source text for Eikon: https://bit.ly/3pY6stu
Further company coverage:  ALB.MC   IDR.MC  

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