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Success of Axens Takeover Bid on Heurtey Petrochem shares

JANUARY 10 - 2017
Success of Axens Takeover Bid on Heurtey Petrochem

Axens announces the successful outcome of its tender offer on the Heurtey Petrochem shares. The results of this offer were published today by the Autorité des marchés financiers(the AMF, the French capital market regulator).

A total of 2,374,874 Heurtey Petrochem shares were validly tendered to the offer, which took place from December 1st, 2016 to January 5th, 2017.

At the settlement date of the tender offer set on January 13, 2017, Axens will hold in concert with IFP Investissements a total of 4,144,659shares and 4,219,159voting rights of Heurtey Petrochem, representing 84.33% of the share capital and 83.55% of the voting rights[1].

Pursuant to Article 232-4 of the AMF General Regulations, the tender offer will be reopened for a period of ten trading days; the timetable will be published shortly by the AMF. The offer price will remain the same (25 euros per share). This reopening will offer shareholders who have not yet tendered their shares an opportunity to do so at this time.

The offer document related to the takeover bid on Heurtey Petrochem shares approved by the AMF on November 29th, 2016 (visa no. 16-557) and the document « Informations relatives aux caractéristiques notamment juridiques, financières et comptables » related to Axens are available on the websites of the AMF (www.amf-france.org) and of Axens (www.axens.net).



[1]On the basis of a share capital of  4,914,725 shares representing 5,049,572 voting rights in accordance with article 223-11 paragraph 2 of the General Regulations of the AMF as at 31 December 2016, as published by Heurtey Petrochem.

 


About Axens

Axens, an IFP Group affiliate, is an international provider of advanced technologies, catalysts, adsorbents and services, with a global reputation for basic engineering design excellence. The main scope of Axens' business is focused on the conversion of oil, coal, natural gas and biomass to clean fuels as well as production and purification of major petrochemical intermediates. Axens’ global offer is based on: highly trained human resources, modern production facilities and extensive commercial feedback from plants using our processes and catalysts all around the world.

www.axens.net

 

About Heurtey Petrochem

Heurtey Petrochem is an international oil and gas engineering Group. It is present in two market segments:
- process furnaces for refining, petrochemicals and the production of hydrogen, a domain in which Heurtey Petrochem is a global leader.
- The processing of natural gas through its subsidiary Prosernat. In this sector, the Group operates in both EPC engineering and as a technology licensor.

Heurtey Petrochem performs its activities through a large network of subsidiaries around the world: Brazil, China, India, Korea, Malaysia, Romania, Russia and the United Stated. The group generated a turnover of €420 million in 2015. Heurtey Petrochem is listed on Alternext, NYSE-Euronext Paris (ISIN: FR0010343186, Mnemo: ALHPC).

www.heurtey.com

 

About IFPEN

IFP Energies nouvelles (IFPEN) is a major research and training player in the fields of energy, transport and the environment. From research to industry, technological innovation is central to all its activities, structured around three strategic priorities: sustainable mobility, new energies and responsible oil and gas. As part of the public-interest mission with which it has been tasked by the public authorities, IFPEN focuses on providing solutions to take up the challenges facing society in terms of energy and the climate, promoting the transition towards sustainable mobility and the emergence of a more diversified energy mix, and creating wealth and jobs by supporting French and European economic activity, and the competitiveness of related industrial sectors.

www.ifpenergiesnouvelles.com