Brief: Antalis Announces Finalisation Of Acquisition By KPP Of Antalis Shares

KPP group Co

22/07/2020 07:33

July 22 (Reuters) - ANTALIS SA  ANTAL.PA :
    * REPORTS COMPLETION OF ACQUISITION BY KOKUSAI PULP & PAPER
CO.,
LTD (“KPP”) OF ALL ANTALIS SHARES FORMERLY HELD BY SEQUANA AND
BPIFRANCE PARTICIPATIONS
    * ACQUISITION PRICE OF 0.40 EUROS PER SHARE
    * ACQUISION REPRESENTS 83.7% OF SHARE CAPITAL OF ANTALIS
    * RESTRUCTURING AGREEMENT FOR REFINANCING OF 100 MILLION
EUROS OF
OUTSTANDING FACILITY AMOUNT THROUGH NEW FINANCING GRANTED BY
MIZUHO BANK, TOGETHER WITH WRITE-OFF FOR REMAINING AMOUNT
    * WILL ALSO BENEFIT FROM INTRA-GROUP LOAN OF 80 MILLION
EUROS FROM
KPP AND POTENTIAL COMPLEMENTARY FINANCING FROM OTHER JAPANESE
BANKS
    * KPP WILL FILE SIMPLIFIED CASH TENDER OFFER AT PRICE OF
0.73
EUROS PER SHARE FOR ALL ANTALIS SHARES NOT CURRENTLY HELD
    * KPP ANNOUNCED INTENTION TO REQUEST IMPLEMENTATION OF
SQUEEZE-OUT
PROCEDURE AT THE SAME PRICE AS THE OFFER
    * CHAIRMAN PASCAL LEBARD RESIGNED AND MADOKA TANABE
APPOINTED 


    
 Source text for Eikon:  urn:newsml:reuters.com:*:nACT64374
    
 Further company coverage:  ANTAL.PA  
   


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