Brief: Assa Abloy Acquires 98.5% Of Evolis In France

Evolis SA

20/09/2023 07:05

Sept 20 (Reuters) - Assa Abloy AB  ASSAb.ST :
    * ASSA ABLOY, THROUGH ITS SUBSIDIARY, HID GLOBAL SAS,
ACQUIRES
98.5% OF EVOLIS IN FRANCE AND CONFIRMS THE FORTHCOMING FILING OF
A PUBLIC TENDER OFFER TO ACQUIRE THE REMAINING EVOLIS SHARES
    * COMBINED PURCHASE PRICE PAID OF APPROXIMATELY EUR 224.9
MILLION
FOR 98.5 PERCENT OF EVOLIS SHARES
    * TOTAL AMOUNT PAID FOR ACQUISITION, OFFER AND SQUEEZE-OUT,
WOULD
AMOUNT TO APPROXIMATELY EUR 228.4 MILLION.
    * HID INTENDS TO COMPLETE OFFER AND SQUEEZE-OUT DURING Q4 OF
2023.

Source text for Eikon:  ID:nWkr67W262 
Further company coverage:  ASSAb.ST 

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