HOCHTIEF Aktiengesellschaft: Tender Offer for Abertis: Purchase Order launched at EUR 18.36 per share

  • General meeting of Abertis shareholders on 25th July 2018 to approve the delisting of Abertis shares from the Spanish stock exchanges
  • Purchase Order launched by HOCHTIEF to acquire remaining shares lasts from 21st June 2018 until at least 27th July 2018 at EUR 18.36 per share

In relation to the voluntary takeover bid for shares in Abertis Infraestructuras S.A. (Abertis) launched by HOCHTIEF (the Offer), and as already expressed by HOCHTIEF in the Offer prospectus, Abertis’ Board of Directors has called the general meeting of shareholders for 25th July 2018, in order to adopt the resolutions to delist the shares of Abertis from the Spanish stock exchanges and to amortize its treasury stock.

As a consequence of the outcome of the Offer and subsequent open market share purchases, HOCHTIEF currently owns 94.4% of the total outstanding Abertis shares, assuming the general meeting of Abertis approves the amortization of the treasury stock. The delisting of Abertis shares will be carried out after the launching of a purchase order by HOCHTIEF under the following terms (the Purchase Order):

  • The originator and acquirer of the shares shall be HOCHTIEF
  • The price of the Purchase Order is EUR 18.36 per share.
  • The Purchase Order shall commence on 21st June 2018 and shall be in force at least until 27th July 2018 inclusive.
  • Santander Investment Bolsa will be the entity in charge of brokering the transactions, and BBVA will be the entity in charge of the settlement of such transactions.

The delisting procedure is subject to (i) its approval by the Abertis’ shareholders general meeting, (ii) the authorization by the CNMV and (iii) the settlement of all the purchase transactions carried out within the context of the Purchase Order.

Abertis‘ shareholders can contact the following free helpline +34 900-800-903, (open from Monday to Friday, from 10am to 7pm), regarding any questions or clarification in connection with the purchase order, which will be in place at least until the 27th July 2018.

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