Axens Takover Bid on Heurtey Petrochem: Results of the second period Offer
Following the reopening of the tender offer (the Offer) between January 16th and 27th, 2017, Axens now holds in concert with IFP Investissements, a total of 4,354,286 shares and 4,428,786 voting rights of Heurtey Petrochem, representing 88,6% of the share capital and 88.3% of the voting rights. The settlement date of the Offer will take place on February 6th, 2017.
Axens is pleased with this result which now permits building a new group together with the Heurtey and Prosernat teams.
IFP Investments have commited that following the Offer, it will transfer to Axens 1,769,785 shares that it holds in Heurtey Petrochem representing 36% of the share capital and 36,8% of the voting rights of the Company.
Furthermore, IFP Investments confirms its intention to transfer to Axens its 50% holding of Eurecat so as to consolidate Axens position in the field of services associated to the sale of catalysts (global offer of new and regenerated catalysts).
This transfer together with the grouping of Axens and Heurtey Petrochem gives birth to the new reference technological industrial group, specializing in clean fuels and eco-efficient technologies, present in the refining, petrochemical, natural gas, biofuels and renewable chemical intermediates sectors, right at the heart of energy transformation.
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).
 On the basis of a share capital consisting, on January 31st, 2017, of 4,914,725 shares representing 5,013,992 voting rights.
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.
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).
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.
The present press release has been drafted for information purposes only. It is highly recommended that investors and shareholders based in France go through the documentation relating to the takeover bid given that it will contain important information regarding Axens, Heurtey Petrochem and the bid. This press release must not be published, disseminated or distributed directly or indirectly in any country where the distribution of this information is subject to legal restrictions. The dissemination, publication or distribution of this press release in some countries may be subject to legal or regulatory restrictions. Consequently, people based in the countries where this press release is disseminated, published or distributed must find out about such restrictions and comply with them. Axens accepts no responsibility in the event of a violation of the restrictions by any person.