Taiwan Cement Corp. completed the acquisition of and additional 4.7% stake in ENGIE Eps S.A. for 10.2 million.
September 21, 2021
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Taiwan Cement Corp. (TCC) (TWSE:1101) made an offer to acquire 39.52% stake in ENGIE Eps S.A. (ENXTPA:EPS) for 86.3 million on April 19, 2021. Taiwan Cement Corp. will acquire 5.045407 million shares at 17.1 per share in cash. In a related transaction, Taiwan Cement Corp. entered into a definitive agreement to acquire 60.48% stake in ENGIE Eps S.A. from GDF International S.A. for approximately 130 million. The Offer will be open for a period of ten trading days and will not be re-opened following the publication of the Offer's final results. The offer period is from September 9 to September 22, 2021. The Offer will also be financed through the Offeror's available cash. As approved by the shareholders' meeting of June 25, 2021, ENGIE Eps S.A. has been renamed NHOA taking effect as of July 20, 2021. The new Euronext ticker (NHOA:PA) is effective as of July 21, 2021.
As of July 20, 2021, the composition of ENGIE's board of directors has been modified. Following the resignation of ENGIE's representatives as Board members (including Thierry Kalfon, Chairman of the Board), Nelson Chang, Jong-Peir Li,, Chia-Jou Lai and Feng-Ping Liu have been co-opted as new Board members of ENGIE, as well as Chen-Ming Chang as independent director, alongside ENGIE's three existing independent directors (Romualdo Cirillo, Luigi Michi and Veronica Vecchi). Nelson Chang has been elected Chairman of the Board. The Board, in its new composition, also resolved upon the appointment of Carlalberto Guglielminotti as group Chief Executive Officer of ENGIE. As on September 7, 2021, the Offer Document, approved by the AMF.
TCC is aiming for ENGIE EPS to remain listed on the regulated market of Euronext Paris and it is not planning to request the implementation of a squeeze-out procedure following closing of the tender offer. The ad hoc committee of the Board of Directors of ENGIE EPS have been formed. Associés en Evaluation et Expertise Financière acted as the independent expert to ENGIE Eps S.A. SG Corporate & Investment Banking acted as as financial advisor to Taiwan Cement Corp.
Taiwan Cement Corp. (TCC) (TWSE:1101) completed the acquisition of and additional 4.7% stake in ENGIE Eps S.A. (ENXTPA:EPS) for 10.2 million on September 22, 2021.
NHOA S.A., global player in energy storage, e-mobility and EV fast and ultra-fast charging network, develops technologies enabling the transition towards clean energy and sustainable mobility, shaping the future of a next generation living in harmony with our planet.
Listed on Euronext Paris regulated market (NHOA.PA), NHOA S.A. forms part of the CAC® Mid & Small and CAC® All-Tradable financial indices.
NHOA S.A., with offices in France, Spain, the United Kingdom, the United States, Taiwan and Australia, maintains entirely in Italy research, development and production of its technologies.