February 23, 2018 / 6:38 AM / 3 months ago

BRIEF-Allianz To File A Further Tender Offer For Remaining Euler Hermes Shares

Feb 23 (Reuters) - Allianz SE:

* AS THE REMAINING FLOAT OF THE EULER HERMES SHARES ON THE MARKET REPRESENTS LESS THAN 5 PERCENT, ALLIANZ ANNOUNCES ITS INTENTION TO INITIATE THE NECESSARY STEPS FOR A SQUEEZE-OUT AND DELISTING OF EULER HERMES SHARES

* SAYS ‍FOLLOWING ADDITIONAL PURCHASE OF EULER HERMES SHARES AT 122 EUROS PER SHARE BY ALLIANZ, REMAINING FLOAT ON MARKET REPRESENTS LESS THAN 5 PERCENT OF EULER HERMES SHARE CAPITAL AND VOTING RIGHTS​

* ‍ALLIANZ INTENDS TO FILE A FURTHER TENDER OFFER FOR REMAINING EULER HERMES SHARES HELD BY MINORITY SHAREHOLDERS, OFFERING 122 EUROS PER SHARE​

* ‍ALLIANZ GROUP CURRENTLY HOLDS 40,024,315 EULER HERMES SHARES, REPRESENTING 93.86 PERCENT OF SHARE CAPITAL AND VOTING RIGHTS OF EULER HERMES​

* ‍ALLIANZ EXPECTS TO FORMALLY FILE TENDER OFFER IN COMING WEEKS​

* ‍SUBJECT TO AMF CLEARANCE, TENDER OFFER, SQUEEZE OUT AND DELISTING ARE EXPECTED TO BE EFFECTED IN Q2 OF 2018​ Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below