Alior Bank has called for the sale of 50,600,821 shares of Bank BPH, which represented 66 per cent. the share capital of the bank – reported mediating call Brokerage Office Alior Bank. The shares will be purchased at a price of 31.18 zł per security.
GE Group, which currently holds 87.23 per cent. participation in Bank BPH, pledged earlier, subject to the fulfillment of certain conditions precedent, sell call a specific number of shares for a total price of 1.225 million zł, and – according to the agreement between Alior Bank Group and GE, the total price can still be subject to revision .
The final number of shares purchased by Alior Bank of GE Group will be determined by dividing the total price (after possible adjustments) by the price per share, ie. 31,18 zł.
Alior stressed in a press release that regardless of these potential adjustments , the price per share in a tender offer for the GE Group will not be higher than the price per share to the remaining shareholders of Bank BPH.
The Offeror intends to acquire the shares, provided that at least 39,288,005 shares, representing 51.24 per cent. the bank’s capital will be subscribed for in the call.
Subscriptions will be accepted from 1 to 16 August. The expected date of the acquisition of shares is 19 August.
At a tender offer calling does not have shares in the company.
Call for Bank BPH is part of a transaction aimed at the acquisition by Alior Bank core business of Bank BPH (without the mortgage loan portfolio and BPH TFI), according to the agreement, the sale of the division concluded on March 31 this year. by Alior Bank with the companies of the GE Group.
The tender offer was announced, subject to approval by Alior Bank Financial Supervision Commission. It is expected that this condition is met before the end of the subscription period in the tender offer. Earlier, on June 23, unconditional approval for the acquisition by Alior Bank core business of Bank BPH has already UOKiK.
The sale of shares of Bank BPH Group companies GE depends on the fulfillment of the following remaining conditions precedent: (i) the acquisition by Bank BPH, Alior Bank and GE Investment Poland appropriate approvals or decision of the Financial Supervision Commission, taken by the general meeting of Alior Bank a resolution approving the division of Bank BPH and to obtain certain tax rulings relating to the division of Bank BPH.
“If after the completion of the call Alior Bank and GE Group will have a total of at least 90 per cent. Of shares in Bank BPH, Alior Bank plans to conduct a compulsory redemption (ang. Squeeze-out) the minority shareholders of Bank BPH” – written in the message.
The next step will be carried out the division of Bank BPH, in which the core business of Bank BPH will be included Alior Bank, a part of the mortgage will remain at Bank BPH.
After the division, GE Group will be the sole owner of Bank BPH.
On Monday, at the close of trading course BPH amounted to 30,99 zł. (PAP)
pel / JTT /
No comments:
Post a Comment