Sulzer: Renova Shareholder Group Announces the Preliminary Final Result of the Mandatory Offer Montag, 05. Oktober 2015 - 06:59
The Renova shareholder group has announced the preliminary final result of the mandatory offer of Tiwel Holding AG, acting in concert with Liwet Holding AG, JSC Metkombank and Lamesa Holding S.A. (the "Renova shareholder group"), for all publicly held registered shares of Sulzer AG after expiry of the additional acceptance period on October 2, 2015.
According to the preliminary final result, a total of 10 106 380 Sulzer shares were tendered to the Renova shareholder group under the mandatory offer, corresponding to 29.50% of all Sulzer shares listed as of July 31, 2015, or 43.68% of the 23 138 424 Sulzer shares to which the mandatory offer related. Taking into account the 11 430 006 Sulzer shares which the Renova shareholder group held as per July 31, 2015, the Renova shareholder group's stake in Sulzer amounts to 21 536 386 Sulzer shares, corresponding to 62.86% of all Sulzer shares.
Settlement of the mandatory tender offer is subject to outstanding antitrust approvals. The Renova shareholder group announced on September 30, 2015, that settlement is expected to occur sometimes in the fourth quarter of 2015, but in no event prior to October 16, 2015.
Renova has published all documents relating to its mandatory offer on http://www.renova.ru/en/press-center/investor_relations/.