AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Texaf S.A. M&A Activity 2014

Jun 19, 2014

4011_iss_2014-06-19_ddbb8cae-68f3-4a19-8a91-60bd429f8cee.pdf

M&A Activity

Open in viewer

Opens in your device viewer

{# SEO P0-1: filing HTML is rendered server-side so Googlebot sees the full text without executing JS or following an iframe to a Disallow'd CDN path. The content has already been sanitized through filings.seo.sanitize_filing_html. #}

S O C I E T E A N O N Y M E -N A A M L O Z E V E N N O O T S C H A P

PRESS RELEASE June 19th 2014

REGULATED INFORMATION

OFFER FOR IMBAKIN

On May 12th , TEXAF has announced that a third party had expressed an interest in acquiring IMBAKIN sàrl (in liquidation), a subsidiary of TEXAF, for 19.5 million EUR.

However, parties have not been able to come to an agreement on the conditions.

We remind that, further to the partial of split of TEXAF approved by the General Meeting of May 13th , IMBAKIN sàrl (in liquidation) has been transferred to IMBAKIN HOLDING SA (see the "Split Proposal" and various press releases on the www.texaf.be site).

As another reminder, the effects of that split have been suspended by a court ruling following a unilateral application by Cobepa. TEXAF has opposed that ruling; the case has been heard by the Court on June 12th and is now in deliberation.

TEXAF, established in 1925, is the only Euronext-listed industrial, real estate and agricultural investment company with all of its activities and subsidiaries to date based in the Democratic Republic of Congo. The listing of Congolese activities on the stock exchange and the resulting obligations in terms of good governance and transparency constitute a major asset of the group in the promotion of the formal sector in the DRC.