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Aquivest GmbH Becomes Majority Shareholder of BWT AG


Tuesday, 6 Nov 2012 02:12pm EST 

BWT AG announced that on October 19, 2012, Aquivest GmbH published a mandatory offer for the acquisition of their shares in BWT. The acceptance period for the offer was from October 19, 2012 to November 6, 2012. By the end of the acceptance period, the offer had been accepted for a total of 5,551,379 shares in BWT. This corresponds to 31.13% of the total share capital of BWT. The closing of the offer, namely the gradual payment of the offer price of EUR 16.00 per share against transfer of the shares, is expected to take place on November 12, 2012 through the acceptance and payment office. Taking into account the shares in BWT held by the preceding legal entities together with Aquivest GmbH or that are attributable to them, but without taking into account the 1,072,898 treasury shares held by BWT, Aquivest GmbH will hold 10,580,889 shares in BWT or approximately 59.33% of its share capital on closing of the offer. Excluding the 1,072,898 treasury shares held by BWT AGthe amount of the share capital of BWT attributable to Aquivest GmbH under takeover law will therefore be approximately 63.13%. For all bearers of BWT shares that did not accept the offer within the acceptance period, the acceptance period of the mandatory offer will be extended by three months. This extended period therefore ends on February 8, 2013, hence the offer can still be accepted until February 8, 2013 inclusively. 

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28 Jul 2014