DGAP-News: AVIC International Beijing Company Limited Announces Acquisition of Further 19.03% Of Shares In KHD Humboldt Wedag International AG And Will Make A Public Takeover Offer
ID: 960841
Schlagwort(e): Absichtserklärung
AVIC International Beijing Company Limited Announces Acquisition of
Further 19.03% Of Shares In KHD Humboldt Wedag International AG And
Will Make A Public Takeover Offer
11.10.2013 / 15:59
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AVIC International Beijing Company Limited Announces Acquisition of Further
19.03% Of Shares In KHD Humboldt Wedag International AG And Will Make A
Public Takeover Offer
KHD Humboldt Wedag International AG
(FSE: KWG / OTCBB: KHDHF)
Beijing, October 11, 2013 - AVIC International Beijing Company Limited
('AVIC') is pleased to announce the following
- Today, AVIC International Engineering Holdings Pte. Ltd. ('AVIC
Engineering'), a wholly owned subsidiary of us, entered into share
purchase agreements with IAT Reinsurance Company Ltd., Occidental Fire&Casualty Company of North Carolina, Harco National Insurance Company,
Transguard Insurance Company of America, Inc., Acceptance Casualty
Insurance Company, Acceptance Indemnity Insurance Company, Bermuda
Partners, L.P., Wilshire Insurance Company Ltd., JC Kellogg Foundation,
MFC Industrial Ltd., True Heritage Limited and Peter and Cynthia
Kellogg Foundation as sellers for the purchase of in the aggregate
19.03% of the shares of German company KHD Humboldt Wedag International
AG ('KHD').
On completion of these transactions, AVIC will hold in aggregate 39.03% of
the shares in KHD.
- At the same time, AVIC Engineering, acting in concert and together with
Europe Project Management Pte. Ltd., Europe Technology Pte. Ltd.,
Europe Engineering Holdings Pte. Ltd., published the decision to make
an offer to the shareholders of KHD ('KHD Shareholders') to acquire all
of the remaining KHD shares by way of a voluntary public takeover offer
('Takeover Offer'). The publication is available under www.avicgo1.de
- The Takeover Offer will be a cash offer to all KHD Shareholders at an
offer price of EUR 6.45 per share.
Mr Diao, president of AVIC Beijing Company Ltd commented: 'This addresses
the unclear ownership picture and is a long-term investment for us. A more
stable shareholder base will benefit KHD's worldwide employees, customers,
suppliers and financing partners and KHD will continue providing
environmental friendly and state-of-the-arts products and services.'
Mr Diao continued: 'We expect that the Takeover Offer will be widely
accepted. We would like to emphasize that neither the share purchase
agreements, nor the Takeover Offer, are conditional upon a minimum
acceptance level. Upon completion of the Takeover Offer, we will be pleased
if all of the shares of KHD have been acquired. If not we will support KHD
as its lead shareholder.'
About AVIC
The AVIC Group ranks 212 amongst Fortune Global 500. Its business units
cover, amongst others, defense, transport aircraft, engine, helicopter,
avionics and systems, general aviation, aviation research, flight test,
trade and logistics, assets management, finance services, engineering
planning and construction and engineering, procurement and construction,
automobile and shipping. Furthermore, the AVIC Group is engaged in
air-conditioning equipment, general electronics, recycling, alternative
energy, aircraft rental service, transportation and logistics, medical
care, construction, real estate development, shopping malls and other
sectors of the service industry. It owns more than 2,000 member companies,
over 25 listed companies and has approximately 400,000 employees.
For further information please go to www.avic.com.cn
Contact AVIC
Ms Ada Zhang
Phone: +86 10 849 71051
Email: zhangm@caticbj.com.cn
Important legal information / Disclaimer
This announcement does not constitute an invitation to make an offer to
sell KHD Shares. With the exception of the offer document, announcements do
not constitute an offer to purchase KHD shares and are not for the purposes
of the bidders making any representations or entering into any other
binding legal commitments. An offer to purchase shares in KHD Humboldt
Wedag International AG is solely made by the offer document as approved by
the Federal Supervisory Authority (BaFin) and is exclusively subject to its
terms and conditions. The terms and conditions of the Takeover Offer may
differ from the general information described in this announcement. To the
extent legally permissible, the bidders reserve the right to change the
terms and conditions of the Takeover Offer. KHD Shareholders are strongly
recommended to read the offer document and all documents in connection with
the Takeover Offer, since they contain important information, and to seek
independent advice where appropriate in order to reach a reasoned decision
in respect of the content of the offer document and the Takeover Offer
itself.
The Takeover Offer is issued exclusively under the laws of the Federal
Republic of Germany, especially under the WpÜG and the Regulation on the
Content of the Offer Document, Consideration for Takeover Offers and
Mandatory Offers and the Release from the Obligation to Publish and Issue
an Offer ('WpÜG Offer Regulation'). The Takeover Offer is not executed
according to the provisions of jurisdictions (including the jurisdictions
of the United States of America, Canada, Australia, and Japan) other than
the Federal Republic of Germany. Thus, no other announcements,
registrations, admissions or approvals of the Takeover Offer outside the
Federal Republic of Germany have been filed, arranged for or granted. KHD
Shareholders cannot rely on having recourse to provisions for the
protection of investors according to another jurisdiction than that of the
Federal Republic of Germany. Any agreement that is concluded on the basis
of this Takeover Offer is exclusively governed by the laws of the Federal
Republic of Germany and is to be interpreted in accordance with them.
Ende der Corporate News
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Datum: 11.10.2013 - 15:59 Uhr
Sprache: Deutsch
News-ID 960841
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Kategorie:
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