VSEOBECNA UVEROVA BA

1VUB02AE
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Intesa Sanpaolo Holding International S.A. made a mandatory offer to acquire remaining 2.9% stake in Vseobecná úverová banka, a. s. for €58.3 million

12/18/2020 | 12:00am
Intesa Sanpaolo Holding International S.A. made a mandatory offer to acquire remaining 2.9% stake in Vseobecná úverová banka, a. s. (BSSE:1VUB02AE) for €58.3 million on December 18, 2020. Under the terms of offer, Intesa will pay €151.41 per share to acquire0.4 million shares. The offeror does not make the execution of the public offer conditional on the acquisition of a specific minimum number of shares. Acquisition of the shares under this public offer will be financed by the offeror from its own financial resources. The offeror does not plan to make any changes in the statutory body and the supervisory body of the offeree company in connection with the acquisition of the shares on the basis of this offer. The offeror also does not plan to substantially change the Articles of Association or to make changes in the number of employees and conditions of employment and employee participation in the profit and management of the offeree company. After the implementation of this public offer, the offeror shall consider taking steps leading to the exercise of the squeeze-out right and termination of trading with the shares on BSSE. on December 18, 2020, Extraordinary General Meeting held and it approved he decision about termination of trading with shares of VUB, a.s. on Main Listed Market of the Bratislava Stock Exchange
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