Thiess (ACS) reaches 70% in its takeover bid for the Australian construction company MACA and extends the term

MADRID, 7 Oct. (EUROPA PRESS) -

Thiess, a mining company of Cimic -the Australian subsidiary of ACS-, has already reached a stake of close to 70% in the capital of the Australian construction company MACA, on which it launched a Public Acquisition Offer (OPA) last July. ) to acquire 100% of its shares for 242 million euros.

In its last notification to the market (MACA is currently listed on the Stock Exchange), the percentage of control already reached 69.2% after the last purchases made in the market to the shareholders who are accepting the offer of the subsidiary of the multinational chaired by Florentino Perez.

Likewise, the company has extended the term that shareholders have to sell their shares until next Friday, October 14, compared to the previously established limit of October 7.

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.

For this reason, MACA's board of directors already conveyed a favorable opinion on the operation, 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.

In addition, Thiess's goal of delisting the stock at the end of the acceptance period could also affect shareholders' ability to continue trading their securities.

The company's intention is to operate MACA in the same way that its current management does today, maintaining its workforce, brand and assets.

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