EU antitrust clearance granted: acceptance period for Europcar takeover offer ends June 10
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As previously announced, offer price will increase from EUR 0.50 to EUR 0.51 per share in case more than 90 percent of the shares are tendered
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Irrevocable tender commitments from existing shareholders representing 68 percent of outstanding shares
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Green Mobility Holding S.A., a bidder consortium consisting of Volkswagen Group, Attestor Limited and Pon Holdings B.V., has received antitrust clearance by the European Commission (EC) for its takeover offer for the shares of Europcar Mobility Group without any remedies. Following this decision, the last condition precedent of the takeover offer is fulfilled and the French financial market regulator Autorité des marchés financiers (AMF) has set the end of the initial acceptance period for the takeover offer to June 10, 2022
With the antitrust clearance by the EC, Green Mobility Holding has achieved another milestone in the transaction process. The goal of Green Mobility Holding is to acquire more than 90 percent of the shares of Europcar Mobility Group. Already at the time of the announcement of the tender offer in July 2021, Green Mobility Holding had secured irrevocable tender commitments from existing Europcar shareholders representing 68 percent of the outstanding shares to accept the takeover offer.
The offer price for Europcar Mobility Group’s shares is considered fair by an independent expert appointed by Europcar Mobility Group’s board of directors which also determined that the takeover offer is in the best interest of the Europcar Mobility Group, its shareholders, employees, and other stakeholders. As previously announced, the offer price will increase to EUR 0.51 per share if more than 90 percent of the shares and voting rights of Europcar Mobility Group are tendered. In case less than 90 percent are tendered, shareholders who have accepted the offer will receive EUR 0.50 per share.
In accordance with article 232-4 of the AMF’s general regulation, the offer will be re-opened within 10 trading days following the publication of the final result of the offer if it is successful and the 90-percent-threshold is not reached.
The results of the offer will be published by the French financial market authority after the closing date.
The offer document of Green Mobility Holding S.A. having received visa no. 21-499 from the AMF on November 23, 2021 and the other information document relating to legal, financial, accounting and other characteristics of Green Mobility Holding are available on the websites of the AMF (www.amffrance.org) and Volkswagen (https://www.volkswagenag.com/en/InvestorRelations/news-andpublications/
Europcar_offer.html) and may be obtained free of charge:
Green Mobility Holding S.A.
19-21, route d’Arlon
8009 Strassen
Luxembourg
Bank of America Europe DAC –Succursale en France
51 rue La Boétie
75008 Paris
France
BNP Paribas
4 rue d’Antin
75002 Paris
France
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