10:16 uur 07-09-2015

ED&F Man kondigt succesvol overnamebod Iansa en Campos aan

LONDEN & SANTIAGO, Chili–(BUSINESS WIRE)– ED&F Man Holdings Limited heeft de resultaten van zijn bod tot overname van aandelen bekendgemaakt. De specialistische handelaar in landbouwgoederen verwerft bijna honderd procent van alle aandelen van Empresas Iansa S.A. voor 27,40 Chileense peso per aandeel. Daarnaast verwerft het bedrijf bijna honderd procent van alle aandelen van Sociedad de Inversiones Campos Chilenos S.A. voor 35,05 Chileense peso per aandeel. Voor het overnamebod zijn Iansa en Campos op respectievelijk 158,61 miljoen dollar en 47,57 miljoen dollar getaxeerd.

Voorafgaand aan het tweevoudige bod, bezat ED&F Man indirect 60,96 procent van alle uitstaande aandelen van Campos, dat op zijn beurt 42,74 procent van de uitstaande aandelen van Iansa bezat. De acceptatie van het bod op Iansa had betrekking op 1.960.285.063 aandelen, oftewel 49,21 procent van alle uitstaande aandelen van Iansa. De acceptatie van het bod op Campos had betrekking op 1.960.285.063 aandelen, oftewel 32,19 procent van alle uitstaande aandelen van Campos. Na voltooiing van de overname van aandelen bezit ED&F Man van alle aandelen van 91,95 procent van de uitstaande aandelen van Iansa en 93,15 van alle uitstaande aandelen van Campos. De betaling in contanten aan aandeelhouders van Iansa en Campos, dat 93,35 miljoen dollar bedraagt, wordt op 8 september uitgevoerd.

 

ED&F Man announces the success of its Offers to acquire Iansa and Campos

 

LONDON & SANTIAGO, Chile–(BUSINESS WIRE)– ED&F Man Holdings Limited (“ED&F Man”) announces the results of its public tender offers to acquire: (i) up to 100 per cent. of the shares in Empresas Iansa S.A. (“Iansa”) at CLP 27.40 per share in cash (the “Iansa Offer”); and (ii) up to 100 per cent. of the shares in Sociedad de Inversiones Campos Chilenos S.A. (“Campos”) at CLP 35.02 per share in cash (the “Campos Offer” and together, the “Offers”). The Offers valued the issued share capital of Iansa and Campos at US$ 158.61 million¹ and US$ 47.57 million¹, respectively.

Prior to making the Offers, ED&F Man indirectly owned 60.96 per cent. of the issued share capital of Campos and Campos, in turn, owned 42.74 per cent. of the issued share capital of Iansa. Under the Iansa Offer acceptances were received in respect of 1,960,285,063 shares, representing 49.21 per cent. of the issued share capital of Iansa and under the Campos Offer acceptances were received in respect of 300,863,048 shares, representing 32.19 per cent. of the issued share capital of Campos. Accordingly, following the successful completion of the Offers, ED&F Man will own or control 91.95 per cent. of the issued share capital of Iansa and 93.15 per cent. of the issued share capital of Campos. The aggregate cash consideration payable to accepting Iansa and Campos shareholders under the Offers, amounting to US$ 93.35 million¹, will be settled on 8 September 2015.

ED&F Man was founded in 1783 and is a privately owned company that employs circa 4,000 people and has a presence in around 60 countries. ED&F Man is a specialist merchant of agricultural commodities, trading specifically in coffee, sugar, molasses, molasses by-products, animal feed and fish oil. In addition, ED&F Man provides access to commodity and capital markets through its brokerage business. The company is headquartered and registered at Cottons Centre, Hay’s Lane, London SE1 2QE, United Kingdom and is owned by its employees, with the exception of a 24.99 per cent. shareholding held by Südzucker AG.

(Note 1: FX rate of 688.24 CLP/US$)

Contacts

Company: BTG Pactual S.A. Corredores de Bolsa
Contact: Juan Guillermo Agüero
Telephone number: +56 2 2587 5000
E-mail address: contactochile@btgpactual.com
or
Company: Redleaf Communications
Contact: Emma Kane
Telephone number: +44 (0) 20 7382 4747
Mobile number: +44 (0) 7876 338 339
E-mail address: media@edfman.com

 

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