Visabeira Indústria SGPS has announced a general and mandatory public offer to acquire all shares representing the share capital of Martifer — SGPS.
In the preliminary announcement of this offer, released to the Comissão do Mercado de Valores Mobiliários (CMVM), Visabeira states that the offer is general and mandatory following a shareholder agreement with I’M — SGPS and Mota-Engil, SGPS regarding the terms and conditions that will govern their relations as shareholders of the targeted company.
The consideration per share “is equal to or slightly higher than the weighted average price of the shares determined in a regulated market during the six months immediately prior to the date of this preliminary announcement (i.e., 2.057 euros per share – rounded to the nearest cent for each shareholder, if needed – or 2 euros per share, depending on whether these six months include the current date).”
Following this announcement, the Board of Directors of the CMVM has today determined the suspension of trading in Martifer – SGPS, SA shares, “to ensure that the market absorbs the information disclosed by the issuer.”
