MOSCOW (MRC) -- Axens announces the successful outcome of its tender offer on the Heurtey Petrochem shares. The results of this offer were published by the Autorite des marches financiers (the AMF, the French capital market regulator), said Hydrocarbonprocessing.
A total of 2,374,874 Heurtey Petrochem shares were validly tendered to the offer, which took place from Dec. 1, 2016 to Jan. 5, 2017.
At the settlement date of the tender offer set on Jan. 13, Axens will hold in concert with IFP Investissements a total of 4,144,659 shares and 4,219,159 voting rights of Heurtey Petrochem, representing 84.33% of the share capital and 83.55% of the voting rights.
Pursuant to Article 232-4 of the AMF General Regulations, the tender offer will be reopened for a period of 10 trading days; the timetable will be published shortly by the AMF. The offer price will remain the same (25 euros per share). This reopening will offer shareholders who have not yet tendered their shares an opportunity to do so at this time.
As MRC informed earlier, in the early December, Axens announces the launch of its takeover bid for the shares of Heurtey Petrochem group.
Axens is an international provider of advanced technologies, catalysts, adsorbents and services. The main scope of Axens' business is focused on the conversion of oil, coal, natural gas and biomass to clean fuels as well as production and purification of major petrochemical intermediates. Axens’ global offer is based on: highly trained human resources, modern production facilities and extensive commercial feedback from plants using our processes and catalysts all around the world.
MRC