The Board of Directors of Heurtey Petrochem, at its meeting today, acknowledged a draft voluntary takeover bid for Heurtey Petrochem's shares, filed by Axens, acting in concert with IFP Investissements, with the French financial markets authority (Autorité des marchés financiers) on 12 October 2016.
Axens, a wholly-owned subsidiary of the IFP Energies nouvelles group, is a global leader in technology and catalysts for the refining and petrochemical industry. It is a friendly takeover bid and the Board of Directors of Heurtey Petrochem notes with interest the strong complementary nature of the two companies in the oil and gas market.
The Board of Directors of Heurtey Petrochem will provide a reasoned opinion in accordance with the procedures provided for by the regulations in force. It will be supported by corporate finance specialist VALPHI, which it has appointed today as independent expert. The report of the independent expert and the reasoned opinion of the Board of Directors of Heurtey Petrochem will be published in the draft response note which will be drawn up by Heurtey Petrochem and which will be submitted to the French financial markets authority for approval.

Heurtey Petrochem is advised by D'hoir Beaufre Associés.

Heurtey Petrochem SA published this content on 12 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 October 2016 15:23:07 UTC.

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