Air Liquide announced today the submission to the French Financial Markets Authority of a prospective simplified public offering concerning SOAEO SA shares. Air Liquide already possesses 86.8 per cent of the capital and 92.3 per cent of the voting rights.
The proposed deal will permit the group to more easily pursue development in the region, thanks to better operational integration of SOAEO activities, simplified organizations and improved financial and administrative management of the group in Asia.
Principally, Air Liquide will propose that SOAEO’s shareholders exchange their shares for Air Liquide shares. The proposed parity is one Air Liquide share for one SOAEO share. As a subsidiary measure, SOAEO’s shareholders may also choose to sell their shares for a cash purchase offer at the price of 145 euros per share, capped at a total amount of 50 million euros.