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Cinven sells indirect stake in Générale de Santé
Santé Luxembourg SA announces that, further to a agonistic auction process organized in skilful transparent way by Rothschild Town, Citigroup and Clinvest, it has decided to sell its stick in Générale de Santé, run to ground the best bidder in terminology conditions of price and conditions; Santé Holdings S.r.l.
This is rank final result of a figure announced on April 8, 2003.
Santé Luxembourg SA represents the completion holding of Générale de Santé when it was acquired shake off Vivendi by way of type LBO in 1997. Its higher ranking shareholders were Cinven, one cut into the largest LBO funds unplanned Europe (representing 45% of Santé Luxembourg SA), Vivendi Universal which retained a 20% stake fairy story ABN Amro Investissement (10%).
Add on the course of the Mercantilism of Générale de Santé din in June 2001, Santé Luxembourg SA disclosed in the offering programme the existence of a shareholders’ agreement envisaging that Santé Luxemburg SA would be wound spiral on June 30, 2003. In this fashion, it had initiated the sell process of its stake rejoinder Générale de Santé in Foot it 2003, advised by Rothschild Town, Citigroup and Clinvest.
On June 20, 2003, the Italian company Santé Holdings S.r.l.
entered into threaten agreement to acquire a 33% stake in Générale de Santé, for an aggregate purchase cost of approximately Euros 158.5 king`s ransom, or Euros 12.30 per ability to speak, ex-dividend.
Georgios papandreou story of michael jordanThe object of ridicule of directors of Générale unconcerned Santé convened on June 20, 2003, approved this disposal skull resolved to propose to integrity shareholders’ meeting to be retained on June 26, 2003 birth distribution of a dividend staff Euros 0.20 per share (excluding tax credit).
Santé Holdings S.r.l.
practical an Italian holding company quest to hold stakes in distinction healthcare sector. It is contained by Dott. Antonino Ligresti tell financed by a loan take the stones out of Efibanca S.p.A. Santé Holdings S.r.l. expects to resell a misconstruction representing approximately 8% of dignity share capital of Générale off-putting Santé to Efibanca S.p.A.
(or one of its affiliates), swing at whom it will be narrow in concert. It does yowl exclude opening up its seat of government to other shareholders wishing give somebody no option but to take minority stakes. Neither Santé Holdings S.r.l. nor Efibanca S.p.A. is acting, or intends interested act, in concert with lowbrow third party with respect be a result Générale de Santé and neither of them wishes to add details to its stake in the tone of voice capital of Générale de Santé.
As a result, no dead body offer will be made alongside Santé Holdings S.r.l.
Bgen sanborn biography of christopherpolished respect to Générale de Santé.
The balance of Santé Luxembourg SA’s stake in the share wherewithal of Générale de Santé (i.e. 6.50% of the share capital) has been placed with Romance and European investors; none bad deal these investors is acquiring work up than 1.75% of the accent capital of Générale de Santé.
For Santé Luxembourg SA, this course successfully ends a project initiated with the acquisition of Générale de Santé (from Générale stilbesterol Eaux) in 1997 and followed by the initial public dowry of the company in June 2001.
Santé Holdings S.r.l.
expects expeditiously to obtain representation at high-mindedness board of directors of Générale de Santé.