Independent journal on economy and transport policy
07:41 GMT+1
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Fincantieri, postponed on 2 February the closing of the Opa on Vard
the offer is declared unconditioned
January 12, 2017
Fincantieri has announced that the minimal threshold of adhesion to the conditioned totalitarian voluntary public purchase offer announced 13th November and finalized to the purchase of common stocks of Vard Holdings Limited, not already stopped directly or indirectly, controlled or object of agreement of purchase, launch from own controlled Fincantieri Oil & Gas Spa, is reduced to a advanced participation to 50% of the share capital of Vard.
Since Fincantieri O&G stops already 55.63% about of the share capital of Vard - it has explained the Italian navalmeccanico group - such threshold of reduced adhesion turns out reached and the offer, not being subject to other conditions, is declared unconditioned in all the aspects.
Moreover Fincantieri has communicated that the closing of the period of offer, previously established for hours 17,30 (hour of Singapore) of next 12 January, is postponed to hours 17,30 (hour of Singapore) of next 2 February.
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Fincantieri has announced that the minimal threshold of adhesion to the conditioned totalitarian voluntary public purchase offer announced 13th November and finalized to the purchase of common stocks of Vard Holdings Limited, not already stopped directly or indirectly, controlled or object of agreement of purchase, launch from own controlled Fincantieri Oil & Gas Spa, is reduced to a advanced participation to 50% of the share capital of Vard.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
