Post a Comment Print Share on Facebook
Featured Audiencia Nacional Estados Unidos Ucrania UE PP

Thiess (ACS) concludes its takeover bid for the Australian construction company MACA and will delist it on Friday

MADRID, 14 Oct.

- 29 reads.

Thiess (ACS) concludes its takeover bid for the Australian construction company MACA and will delist it on Friday

MADRID, 14 Oct. (EUROPA PRESS) -

Thiess, a mining company of Cimic -the Australian subsidiary of ACS--, has closed the deadline for the shareholders of the Australian construction company MACA, on which it launched a Public Acquisition Offer (OPA) last July to take over 100% of their shares for 242 million euros, sold their shares.

Already having a controlling stake of 93%, according to the latest update to the market, Thiess has issued a mandatory notice to the rest of the shareholders who have not yet sold their titles to do so.

The company's objective is to exclude MACA from the stock market next Friday, October 21. Its intention is to operate MACA in the same way that its current management does today, maintaining its workforce, brand and assets.

The price of AUD 1,025 per share offered by Thiess represented a premium of 28% compared to the last price of its listing on the Australian stock market the day before the announcement of the purchase operation by Thiess.

MACA's board of directors already conveyed a favorable opinion on the operation at the time, recommending that its shareholders accept the offer. In addition, the latest information brochure warned that once Thiess exceeds 50%, the shareholders that remain in the capital will automatically become minority shareholders.

This same year, Hochtief -the subsidiary of ACS in Germany- launched a takeover bid for 100% of Thiess's parent company, Cimic, which culminated in the exclusion of the company from the stock market, one of the objectives that ACS had set itself to simplify your corporate organization.