Brief: Inoc Launches Takeover Bid For Grupo Catalana Occcidente At 50 Eur/Shr

Grupo Catalana Occidente SA

27/03/2025 18:11

Fixes company name, no change to text

March 27 (Reuters) - INOC:

LAUNCHES TAKEOVER BID FOR GRUPO CATALANA OCCIDENTE (GCO) GCO.MC AT 50 EUROS PER SHARE

GCO SHAREHOLDERS MAY ACCEPT OFFER FOR CASH CONSIDERATION OR OFFER MAY BE ACCEPTED BY WAY OF EXCHANGE OF SHARES

EXCHANGE WILL CONSIST OF 1 NEWLY ISSUED CLASS B SHARE OF INOCSA FOR EVERY 43.8419 GCO SHARES FOR MAXIMUM OF 8.0 MILLION GCO SHARES

GCO SHAREHOLDERS WHO ACCEPT OFFER BY WAY OF SHARE CONSIDERATION MUST DELIVER ALL OF THEIR SHARES IN EXCHANGE FOR SHARE CONSIDERATION

OFFER REPRESENTS PREMIUM OF ABOUT 18.3% OVER THE PREVIOUS TRADING DAY

MINIMUM ACCEPTANCE OF OFFER BY HOLDERS OF 15.7 MILLION SHARES OF TARGET COMPANY AT LEAST 60.0 MILLION SHARES OF TARGET COMPANY

OFFER TO ACQUIRE 45.6 MILLION GCO SHARES, REPRESENTING 37.97% OF ITS TOTAL SHARE CAPITAL

Source text: ID:nCNM2ltCpv

Further company coverage: GCO.MC

 (Gdansk Newsroom)

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