Orapi: proposed public exchange offer filed with the AMF

(CercleFinance.com) - Portzamparc BNP Paribas Group and Crédit Industriel et Commercial, acting on behalf of Groupe Paredes Orapi, have filed with the AMF a proposed public buyout offer (OPR) for the Orapi shares, which had been announced on September 10.


The offeror irrevocably undertakes to acquire all the 577.968 Orapi shares it does not already hold, at a price of 6.50 euros per share, representing 8.70% of the share capital and 9.81% of the voting rights of this professional hygiene products company.

It should be noted that the initiator, which already meets the holding conditions for the squeeze-out, has asked the AMF to proceed with the squeeze-out as soon as the public buy-out offer closes.

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