EUR 2.9 BN DEAL - CONTROL EMPRESARIAL DE CAPITALES, S.A. DE C.V. ANNOUNCES LAUNCH OF A MANDATORY TAKEOVER BID ON Fomento de Construcciones y Contratas, S.A.
In accordance with the provisions in Articles 16.2 and 4.1 of Royal Decree 1066/2007 of 27 July, on the regime of takeover bids for securities ("Royal Decree 1066/2007"), Control Empresarial de Capitales, S.A. de C.V. (Hereinafter "CEC") states the following :
(I) it is attributable to the parent company of CEC, Inversora Carso, S.A. de C.V. (Hereinafter "IC") in the capital of Fomento de Construcciones y Contratas, S.A. a percentage of voting rights, directly and indirectly, 36,595% as set out in Article 5 of Royal Decree 1066/2007. This percentage is the ownership, direct and indirect, of a percentage of 29.558% voting and allocation of a percentage of 7,036% of the share capital of FCC.
(II) As a result of the above, IC is in the obligation to make a takeover bid for all the shares of FCC and addressed to all holders at a fair price. Such Offer is made by its subsidiary CEC.
This mandatory offer will be made at a price of 7.60 euros per share, a price that, in the opinion of CEC, is treated as a fair price under the terms provided in art. 9 of Royal Decree 1066/2007
Price payment will be in cash (euros).
(III) The offer will be processed as provided in Chapter II of Royal Decree 1066/2007, in order to offer a fair price to all holders of FCC, subject to the authorization of the CNMV.
(...)
All this is communicated to the appropriate purposes.
Mexico City to Madrid, March 4, 2016.
Control Empresarial de Capitales, S.A. de C.V.