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Vinci to make offer for Entrepose Contracting shares

Industry Sector

Construction

Published

10 April 2012

Author

Matt Bodimeade

Type of News

General

Vinci has decided to make a simplified public offer for the outstanding Entrepose Contracting shares that it does not already own at a price of €100 per share, which will be followed by the required withdrawal of the offer if conditions permit.

Entrepose Contracting, listed on the B compartment of the regulated market NYSE Euronext in Paris, became a subsidiary of Vinci in 2007 by way of block share acquisition contracts and a public offer. Today, Vinci holds directly and indirectly 4,141,216 Entrepose Contracting shares, representing 80.2% of the capital and 88.3% of the voting rights of the company.

Consequent to these transactions, Vinci now plans to completely integrate Entrepose Contracting within the Vinci group. Pursuant to market regulation, the board of directors of Entrepose Contracting will name an independent expert tasked with preparing a report on the financial conditions of the offer and who will provide an opinion concerning the terms and conditions of the offer.

The offer and the prospectus prepared by Vinci will be filed with the Autorité des marchés financiers during the current quarter. Crédit Agricole Corporate and Investment Bank and Weil, Gotshal & Manges LLP are advising Vinci with respect to this transaction.

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