Wavin N.V. : Mexichem's public offer Wavin receives clearance from the European Commission
(Thomson Reuters ONE) -
This is a joint press release by Mexichem, S.A.B. de C.V. and Wavin N.V. in
accordance with Section 5:25i, paragraph 2 of the Dutch Financial Supervision
Act (Wet op het financieel toezicht) in connection with the recommended public
offer by Mexichem Soluciones Integrales Holding, S.A. de C.V., a direct
subsidiary of Mexichem, S.A.B. de C.V., for all the issued and outstanding
ordinary shares in the capital of Wavin N.V.
MEXICHEM'S PUBLIC OFFER FOR WAVIN RECEIVES CLEARANCE FROM EUROPEAN COMMISSION
Mexico City (Mexico) and Zwolle (The Netherlands), 4 June 2012 - Reference is
made to the joint press release of Mexichem, S.A.B. de C.V. (Mexichem) and Wavin
N.V. (Wavin) of 9 March 2012 in respect of the launch of the all cash public
offer by Mexichem Soluciones Integrales Holding, S.A. de C.V. (the Offeror) for
all the issued and outstanding ordinary shares with a nominal value of EUR 0.40
each in the capital of Wavin (the Shares) at an offer price of EUR 10.50 cum
dividend for each Share (the Offer), to the joint press release of 8 May 2012 in
which the Offeror declared the Offer unconditional (gestand heeft gedaan), and
to the joint press release of 24 May 2012 in which the results of the Post
Acceptance Period were announced.
Today, Mexichem and Wavin jointly announce that the European Commission has
granted clearance on 4 June 2012 for the acquisition of Wavin by Mexichem. As a
result thereof, the acquisition has been cleared by all relevant competition
authorities.
Further information Wavin
Mexichem
Enrique Ortega Prieto Herbert van Zijl
Director of Strategic Planning and Investor Media Relations
Relations Telephone: +31 38 429 4209
Telephone: +(52 55) 5279 8304 Mobile: +31 6 51461442
E-mail: eortega(at)kaluz.com E-mail: media(at)wavin.com
Ton Bruijne
Investor Relations
Telephone: +31 38 429 4357
Mobile : +31 6 51234949
E-mail: InvestorRelations(at)wavin.com
About Mexichem
Mexichem is a leader in plastic pipe systems and in the chemical and
petrochemical industry in Latin America, with more than 50 years of experience
in the region and 33 years on the Mexican Stock Exchange with a market
capitalisation of approximately EUR 5.0 billion(1). Mexichem, which exports to
more than 50 countries, and has presence in Latin America, North America, Europe
and Asia, has an annual turnover of approximately EUR 2.8 billion(2) and EBITDA
of approximately EUR 594 million(2). With more than 10,000 employees throughout
virtually the entire American continent, UK and Japan, the company has the
largest fluorspar mine in the world and is the only fully integrated coolant gas
producer in America. It is also the largest producer of PVC resin in Latin
America and contributes actively to the development of the countries through
products that have a wide market in the most dynamic growth sectors including
construction, housing, drinking water, and urban sewage in Mexico, the United
States, UK, Japan and Latin America. More details about Mexichem can be found at
www.mexichem.com.
About Wavin
Wavin is the leading supplier of plastic pipe systems and solutions in Europe.
The company provides essentials: plastic pipe systems and solutions for tap
water, surface heating and cooling, soil and waste, rain- and storm water,
distribution of drinking water and gas and telecom applications. Wavin is
headquartered in Zwolle (The Netherlands) and has a presence in 25 European
countries. The company employs approximately 6,000 people and reported revenue
of approximately EUR 1.3 billion for 2011. Outside Europe, it has a global
network of agents, licensees and distributors. Wavin is listed on the NYSE
Amsterdam stock exchange (WAVIN). More details about Wavin can be found at
www.wavin.com.
(1 )Based on market data from FactSet as at 1 June 2012. MXN:EUR exchange
rate of 17.60.
(2) Unaudited financials based on Mexichem full year 2011 results announced on
21 February 2012. MXN:EUR average exchange rate during 2011 of 17.29 from
FactSet.
Click here to see the full press release in PDF format:
http://hugin.info/143050/R/1617194/515957.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wavin N.V. via Thomson Reuters ONE
[HUG#1617194]
Unternehmensinformation / Kurzprofil:
Datum: 04.06.2012 - 17:19 Uhr
Sprache: Deutsch
News-ID 152845
Anzahl Zeichen: 5589
contact information:
Town:
AD ZWOLLE
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 240 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Wavin N.V. : Mexichem's public offer Wavin receives clearance from the European Commission"
steht unter der journalistisch-redaktionellen Verantwortung von
Wavin N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
