CTT Correios de Portugal SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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CTT Correios de Portugal SA announces holding of Parpublica Participacoes Publicas SGPS SA
CTT Correios de Portugal SA (CTT):Says Parpublica Participacoes Publicas SGPS SA, and indirectly (as its sole shareholder) the Portuguese State, holds from Dec. 5 45,000,000 ordinary shares of CTT, representing 30% of its share capital.Says it is followed by the settlement of the initial public offering and the institutional offering of 105,000,000 ordinary shares of CTT.Says under the Institutional Underwriting Agreement, entered into the context of the institutional offering, Parpublica, and indirectly the Portuguese State, holds a call option over the Underwriters, under which it may purchase (at the price per share of 5.52 euro) 9,545,455 ordinary shares of CTT.Says this stake represents 6.36% of its share capital and respective voting rights, to exercise on Jan. 4, 2014 or, under some special circumstances, before that date.Says if the call option is exercised, the Underwriters may decide, under some circumstances, by a partial or total financial settlement.Says, on the date hereof, Parpublica, and indirectly (as its sole shareholder) the Portuguese State, holds a total qualifying holding in CTT of 36.36% of its share capital and respective voting rights.
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