Launch of Axens Takeover Bid on the Shares of Heurtey Petrochem Group
Axens announces the launch today, of its Takeover Bid (the "Offer") for the shares of Heurtey Petrochem group.
Following its decision of conformity concerningAxens Takeover Bid, dated November 29th 2016 (n°216C2676), the AMF (Autorité des Marchés Financiers - French capital markets authority (www.amf-france.org) has published the detailed bid calendar on its website1 www.amf-france.org
The Offer will remain open until January 5th 2017 (inclusive).
The Offer price of €25 represents a 44.1% premium on the volume-weighted average share price over the last 3 months to October 10th 2016 (the last trading day before the announcement of the transaction).
Heurtey Petrochem shareholders wishing to tender their shares under the terms of the Offer will need to submit a tender order to their financial intermediary managing their account no later than on the closing date of the Offer. These tender orders may be revoked at any time up to the Offer closing date (inclusive).
1Moreover, on 30th November 2016, Euronext Paris has published a notice specifying the terms and conditions of the Offer and its calendar.
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.
- Axens: Corinne Garriga (firstname.lastname@example.org): +33 1 47 14 25 14
- Heurtey Petrochem: Anaïs de Scitivaux (email@example.com): +33 1 41 93 46 42
- IFPEN: Anne-Laure de Marignan (firstname.lastname@example.org): +33 1 47 52 62 07
Obtaining the updated draft information memorandum:
Copies of the updated draft information memorandum for the Bid can be obtained free of charge on the websites of the AMF (www.amf-france.org), and Axens (https://www.axens.net), as well as at the head office of Crédit Agricole Corporate and Investment Bank, 12 place des Etats-Unis – CS 70052, 92547 Montrouge Cedex.
The present press release has been drafted for information purposes only. It is highly recommended that investors and shareholders based in France go through, once available, the documentation relating to the takeover bid, as well as any amendments or additions to these documents given that they 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.