Air Liquide raises holdings in SOAEO


Air Liquide announces the success of its simplified public offer for the shares of SOAEO S.A., of which it will possess directly or indirectly 98.2 per cent of the capital.

According to the results of AMF (French financial market authority), 879,465 SOAEO shares were tendered.

These shares represent approximately 11.4 per cent of the capital of SOAEO, raising Air Liquide’s holdings from nearly 87 per cent to 98.2 per cent. The transfer of the titles should take place before 30 November. Hence, SOAEO shareholders who exchanged their shares for Air Liquide shares can expect to see them registered in early December.

Air Liquide will submit within several days a public repurchase offer for the outstanding SOAEO shares, followed by a compulsory repurchase offer, at the price of the initial €145 offer per SOAEO share. At the conclusion of the offer, SOAEO shares will no longer be publicly listed.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...